H.R.260 - INVEST Act114th Congress (2015-2016)
|Sponsor:||Rep. Lee, Barbara [D-CA-13] (Introduced 01/09/2015)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 01/09/2015 Referred to the House Committee on Ways and Means. (All Actions)|
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Summary: H.R.260 — 114th Congress (2015-2016)All Information (Except Text)
Introduced in House (01/09/2015)
Incentives for our Nation's Veterans in Energy Sustainability Technologies or the INVEST Act
Amends the Internal Revenue Code to allow the work opportunity tax credit for the hiring of a specified veteran who works in a field of renewable energy. Defines "specified veteran" as any veteran who is certified as: (1) having received a credential or certification from the Department of Defense of a military occupational specialty or skill in a field of renewable energy or with respect to advanced manufacturing, machinist or welding, or engineering; (2) having completed a vocational degree in a field of renewable energy; or (3) having completed a LEED (Leadership in Energy & Environmental Design) certification with the United States Green Building Council.
Requires the Secretary of the Treasury to pay: (1) each U.S. possession (i.e., American Samoa, Guam, the Commonwealth of the Northern Mariana Islands, the Commonwealth of Puerto Rico, and the U.S. Virgin Islands) with a mirror code tax system amounts equal to the loss to such possession due to this Act; and (2) each U.S. possession without such a tax system an amount estimated to equal the loss to such possession that would have occurred due to this Act if such a tax system had been in effect.