[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4443 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 4443

    To amend the Internal Revenue Code of 1986 to increase the work 
              opportunity tax credit for hiring veterans.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 13, 2010

Mrs. Halvorson introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
    To amend the Internal Revenue Code of 1986 to increase the work 
              opportunity tax credit for hiring veterans.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Veterans Employment Today Act of 
2010'' or the ``VET Act''.

SEC. 2. INCREASE IN WORK OPPORTUNITY TAX CREDIT FOR HIRING VETERANS.

    (a) Increase in Credit for Disabled Veterans.--Paragraph (3) of 
section 51(b) of the Internal Revenue Code of 1986 is amended by 
striking ``$12,000'' and inserting ``$15,000''.
    (b) Increase in Credit for Other Veterans.--Paragraph (14) of 
section 51(d) of such Code is amended by redesignating subparagraph (B) 
as subparagraph (C) and by inserting after subparagraph (A) the 
following new subparagraph:
                    ``(B) Increase in limitation on wages taken into 
                account for unemployed veterans.--In the case of any 
                unemployed veteran who is treated as a member of a 
                targeted group by reason of subparagraph (A) and who 
                begins work for the employer after the date of the 
                enactment of this subparagraph, subsection (b)(3) shall 
                be applied by substituting `$7,500' for `$6,000'.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to individuals who begin work for the employer after the date of 
the enactment of this Act.
    (d) Sunset.--The authority under this section will expire on 
December 31, 2010.
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