I 112th CONGRESS 1st Session H. R. 561 IN THE HOUSE OF REPRESENTATIVES February 8, 2011 Mr. Welch 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 extend the work opportunity tax credit with respect to veterans.

1.

Short title

This Act may be cited as the Veterans Employment Tax Credit Act of 2011.

2.

Extension of work opportunity tax credit for veterans

(a)

In general

Subparagraph (B) of section 51(c)(4) of the Internal Revenue Code of 1986 is amended by inserting (in the case of a qualified veteran, December 31, 2014) before the period at the end. (b)

Special rule for certain unemployed veterans

Subparagraph (A) of section 51(d)(14) of such Code is amended— (1)by striking unemployed veteran or, and (2)by inserting , any unemployed veteran who begins work for the employer during 2009, 2010, 2011, 2012, 2013, or 2014,. (c)

Effective date

(1)

Subsection (a)

The amendment made by subsection (a) shall apply to individuals who begin work for the employer after December 31, 2011. (2)

Subsection (b)

The amendments made by subsection (b) shall apply to individuals who begin work for the employer after December 31, 2010.