Summary: H.R.1635 — 109th Congress (2005-2006)All Information (Except Text)

There is one summary for H.R.1635. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (04/14/2005)

Veterans' Employment Transition Support Act of 2005 or the VETS Act of 2005 - Amends the Internal Revenue Code to allow employers a general business tax credit for hiring veterans who served in a combat zone or a hazardous duty area and were honorably discharged from active duty. Sets the amount of such credit at 40 percent of the first-year wages of such veterans and increases the percentage of such credit for disabled veterans based upon their disability ratings.