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Honor and Hire Veterans Act of 2025
To amend the Internal Revenue Code of 1986 to allow an increased work opportunity credit with respect to veterans, and for other purposes.
Summary
- Increases the work opportunity tax credit for hiring qualified veterans from 40 percent to 50 percent of first-year wages.
- Increases the wage caps used to calculate the work opportunity credit for veterans from $12,000, $14,000, and $24,000 to $18,000, $21,000, and $36,000 respectively.
- Maintains the work opportunity tax credit at 40 percent of first-year wages for non-veteran workers.
- Applies the changes to individuals who begin work for an employer after the date of enactment.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
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Rep. Vasquez, Gabe (D-NM) [#2]
Money behind the sponsor
Top reported contributors to Gabe Vasquez’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- Employer not reported $84,794
- SINGLETON SCHREIBER $36,300
- MCGINN, MONTOYA, LOVE & CURRY $24,500
- UNIVERSITY OF NEW MEXICO $24,028
- NEW MEXICO STATE UNIVERSITY $13,625
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Gabe Vasquez → · Outside spending →
Actions (2)
- Apr 9, 2025 Referred to the House Committee on Ways and Means. · house
- Apr 9, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
April 9, 2025
Mr. Vasquez 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 allow an increased work opportunity credit with respect to veterans, and for other purposes.
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 “Honor and Hire Veterans Act of 2025”.
SEC. 2. WORK OPPORTUNITY CREDIT FOR VETERANS.
(a) In General.—Section 51(a) of the Internal Revenue Code of 1986 is amended by striking “equal to” and all that follows and inserting the following: “equal to—
“(1) in the case of a qualified veteran, 50 percent of the qualified first-year wages for such year, and
“(2) in all other cases, 40 percent of the qualified first-year wages for such year.”.
(b) Increased Limitation on Wages Taken Into Account for Veterans.—Section 51(b)(3) of such Code is amended—
(1) by striking “$12,000” and inserting “$18,000”,
(2) by striking “$14,000” and inserting “$21,000”, and
(3) by striking “$24,000” and inserting “$36,000”.
(c) Conforming Amendments Relating to Individuals Not Meeting Minimum Employment Periods.—Section 51(i)(3)(A) of such Code is amended by striking “employer” and all that follows and inserting the following: “employer—
“(i) subsection (a)(1) shall be applied by substituting ‘25 percent’ for ‘50 percent’, and
“(ii) subsection (a)(2) shall be applied by substituting ‘25 percent’ for ‘40 percent’.”.
(d) 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. <all>
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