H.R. 5725, The National Guard and Ready Reserves Employment Protection Act of 2008

• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

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H.R. 5725 would amend the Internal Revenue Code of 1986 to allow employers a credit against income tax for employing members of the Ready Reserve or National Guard.

Detailed Summary

National Guard and Ready Reserves Employment Protection Act of 2008 - Amends the Internal Revenue Code to allow employers a tax credit for 15% of the first $10,000 of wages paid to an employee who is a member of the National Guard or Ready Reserve. Terminates such credit after 2011.

Status of the Legislation

Latest Major Action: 4/8/2008: Referred to House committee. Status: Referred to the House Committee on Ways and Means.

Points in Favor

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Points Against

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