3.0.0 240 2019-11-15T21:52:32Z 2019-11-15T21:52:32Z Senate S S 2005-02-01 109 ssfi00 Finance Committee Senate Standing Referred to 2005-02-01T22:47:13Z 2005-02-01 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2005-02-01 Sponsor introductory remarks on measure. (CR S747-749) IntroReferral B00100 9 Library of Congress 2005-02-01 Introduced in Senate IntroReferral 10000 9 Library of Congress K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES N L000174 Sen. Leahy, Patrick J. [D-VT] Patrick Leahy D VT 2005-02-01 True M001111 Sen. Murray, Patty [D-WA] Patty Murray D WA 2005-02-01 True R000361 Sen. Rockefeller, John D., IV [D-WV] JAY ROCKEFELLER D WV 2005-02-01 True D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2005-02-01 True P000590 Sen. Pryor, Mark L. [D-AR] Mark Pryor D AR Lunsford 2005-02-01 True S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2005-02-01 True Taxation Armed Forces and National Security Armed forces reserves Commerce Income tax Iraq compilation Labor and Employment Manufacturing industries Replacement workers Self-employed Small business Tax credits Temporary employment Wages Taxation 00 2005-02-01 Introduced in Senate 2005-02-28T20:21:36Z Small Business Military Reservist Tax Credit Act - Amends the Internal Revenue Code to allow: (1) certain small business employers (50 or fewer employees) and small manufacturers (100 or fewer employees) a tax credit for a percentage of the differential between the average daily civilian compensation and average daily military pay and allowances of their military reservist employees who are called to active duty; (2) such employers a tax credit for the hiring of temporary replacement employees; and (3) self-employed military reservists a comparable tax credit for a percentage of the differential between their average daily self-employment income and their average daily military pay and allowances.

Denies a tax credit: (1) to employers who fail to comply with employment or reemployment rights of military reservists; and (2) for employees who are called to active duty for training.

]]> Small Business Military Reservist Tax Credit Act Short Titles as Introduced Small Business Military Reservist Tax Credit Act Display Title Small Business Military Reservist Tax Credit Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to allow small business employers a credit against income tax with respect to employees who participate in the military reserve components and are called to active duty and with respect to replacement employees and to allow a comparable credit for activated military reservists who are self-employed, and for other purposes. Introduced in Senate 2005-02-01T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109s240is/xml/BILLS-109s240is.xml 2005-02-01 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.