Pipeline · Bill → Law
Step 1
Introduced
May 11, 2023
Step 2
Referred
May 11, 2023
Ways & Means
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill increases the rate of the differential wage payment tax credit from 20% to 50% and requires that the maximum dollar amount of such credit be adjusted for inflation after 2023. The credit is allowed to employers for their employees who are active duty members of the uniformed services.
Timeline · 2 actions
May 11, 2023
Introduced in House
May 11, 2023
Referred to the House Committee on Ways and Means.