Summary: H.R.394 — 107th Congress (2001-2002)All Information (Except Text)

There is one summary for H.R.394. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (02/06/2001)

Reserve Employer Tax Credit Act of 2001 - Amends the Internal Revenue Code to provide: (1) employers a business tax credit for a portion of compensation that was not paid with respect to members of the military reserves who were absent from work on qualified reserve duty; (2) a comparable credit for participating self-employed individuals; and (3) for the deduction of certain expenses paid or incurred by members of a Reserve component of the armed forces.