Summary: H.R.5079 — 108th Congress (2003-2004)All Information (Except Text)

There is one summary for H.R.5079. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (09/15/2004)

Reservists' Employment Act of 2004 - Amends the Internal Revenue Code to allow employers a business tax credit for employing a military reservist as a full time employee for a three-year period. Sets the amount of such credit at $1,000 and allows the credit to be taken in the taxable year in which the military reservist's three-year employment period ends. Allows an inflation adjustment to the credit amount after 2005.