S.2958: Guard and Military Reservist Pay Security Act

About This Bill

  • Introduced Nov. 20, 2014
  • Latest Major Action Nov. 20, 2014

Bill Summary

Guard and Military Reservist Pay Security Act - Amends the Internal Revenue Code, with respect to the tax credit for differential wage payments to active duty members of the Uniformed Services, to: (1) make such credit permanent; (2) increase the rate of such credit to 100%; (3) require an annual adjustment for inflation to credit amounts after 2015; and (4) make such credit available to all employers, not just small business employers.

(Source: Library of Congress)

Bill Actions

Date Description
Nov. 20, 2014
Read twice and referred to the Committee on Finance.
Nov. 20, 2014

Introduced in the Senate by Patrick J. Toomey (R-Pa.)

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