Bill > HR6404

This bill amends the Internal Revenue Code to expand the Work Opportunity Tax Credit (WOTC), which provides tax incentives to employers who hire individuals from specific targeted groups. Specifically, the bill adds a new category of eligible veterans: those who are attending an educational institution using educational assistance from specific veteran support programs, including chapters 30, 31, 32, 33, and 34 of title 38 and chapters 1606 and 1607 of title 10 of the United States Code. These chapters cover various veteran education benefits such as the Post-9/11 GI Bill and the Montgomery GI Bill. The bill also modifies the minimum employment period requirement for this new category of veterans, allowing employers to claim the tax credit more flexibly. The changes will apply to veterans who begin working for an employer after the date of the bill's enactment, effectively encouraging employers to hire student veterans by providing a financial incentive through a tax credit.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/6404/all-info