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S 274 IS
111th CONGRESS
1st Session
S. 274
To amend the Internal Revenue Code of 1986 to provide an incentive to hire unemployed veterans.
IN THE SENATE OF THE UNITED STATES
January 16, 2009
Mr. BAUCUS introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to provide an incentive to hire unemployed veterans.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
SEC. 2. INCENTIVE TO HIRE UNEMPLOYED VETERANS.
(a) In General- Subsection (d) of section 51 of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:
‘(14) CREDIT ALLOWED FOR UNEMPLOYED VETERANS HIRED IN 2009 OR 2010-
‘(A) IN GENERAL- Any unemployed veteran who begins work for the employer during 2009 or 2010 shall be treated as a member of a target group for purposes of this subpart.
‘(B) UNEMPLOYED VETERAN- For purposes of this paragraph, the term ‘unemployed veteran’ means any veteran (as defined in paragraph (3)(B), determined without regard to clause (ii) thereof) who is certified by the designated local agency as--
‘(i) having been discharged or released from active duty in the Armed Forces during 2008, 2009, or 2010, and
‘(ii) being in receipt of unemployment compensation under State or Federal law for not less than 4 weeks during the 1-year period ending on the hiring date.’.
(b) Effective Date- The amendments made by this section shall apply to individuals who begin work for the employer after December 31, 2008.
U.S. Congress - Text of S.274 as Introduced in Senate Veterans Jobs Opportunity Act of 2009
