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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
The bill increases the Work Opportunity Credit tax incentive for employers who hire veterans. The credit, which allows employers to reduce their federal income taxes, is raised from 40 percent to 50 percent of first-year wages for qualified veterans, while remaining at 40 percent for other eligible employees. The bill also increases the maximum wages eligible for the credit from $12,000 to $18,000, from $14,000 to $21,000, and from $24,000 to $36,000, depending on circumstances. For employees who do not meet minimum employment periods, the credit is reduced to 25 percent for both veterans and non-veterans. The changes apply to individuals hired after the law is enacted.
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)
- Rep. Vasquez, Gabe [D-NM-2] (D-NM)
Actions (2)
- Apr 9, 2025 Referred to the House Committee on Ways and Means. · house
- Apr 9, 2025 Introduced in House
Similar bills (6)
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Text versions (1)
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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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