S.240: Small Business Military Reservist Tax Credit Act

About This Bill

  • This bill was introduced in the 109th Congress
  • This bill is primarily about taxation
  • Introduced Feb. 1, 2005
  • Latest Major Action Feb. 1, 2005

Bill Sponsor

Bill Summary

Small Business Military Reservist Tax Credit Act - Amends the Internal Revenue Code to allow: (1) certain small business employers (50 or fewer employees) and small manufacturers (100 or fewer employees) a tax credit for a percentage of the differential between the average daily civilian compensation and average daily military pay and allowances of their military reservist employees who are called to active duty; (2) such employers a tax...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There is one statement associated with S.240.

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Read twice and referred to the Committee on Finance.
Feb. 1, 2005

Introduced in the Senate by John Kerry (D-Mass.)

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