House Resolution 5845 was introduced by Congressman Ted Poe of Texas and referred to the House Ways and Means Committee last Friday (on May 18th). As of this afternoon, the actual text of the bill is not yet available. The title, however, is listed as
H.R.5845 – To amend the Internal Revenue Code of 1986 to extend the work opportunity tax credit for veterans and to allow an exemption from an employer’s employment taxes in an amount equivalent to the value of such credit.
As a bipartisan effort, HR 5845 has two co-sponsors to date. These include Republican Representative Ann Marie Buerkle of New York and Democrat Representative Russ Carnahan of Missouri.
We’ll keep an eye on this. As part of an overall effort to extend WOTC, this can only add a little momentum in the right direction. Right?