Last action was on 4-9-2025
Current status is Referred to the House Committee on Ways and Means.
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This Act may be cited as the "Honor and Hire Veterans Act of 2025".
(a) In general - Section 51(a) of the Internal Revenue Code of 1986 is amended by striking "equal to" and all that follows and inserting the following:
(1) - in the case of a qualified veteran, 50 percent of the qualified first-year wages for such year, and
(2) - in all other cases, 40 percent of the qualified first-year wages for such year.
(b) Increased limitation on wages taken into account for veterans - Section 51(b)(3) of such Code is amended—
(1) - by striking "$12,000" and inserting "$18,000",
(2) - by striking "$14,000" and inserting "$21,000", and
(3) - by striking "$24,000" and inserting "$36,000".
(c) Conforming amendments relating to individuals not meeting minimum employment periods - Section 51(i)(3)(A) of such Code is amended by striking "employer" and all that follows and inserting the following:
(i) - subsection (a)(1) shall be applied by substituting "25 percent" for "50 percent", and
(ii) - subsection (a)(2) shall be applied by substituting "25 percent" for "40 percent".
(d) Effective date - The amendments made by this section shall apply to individuals who begin work for the employer after the date of the enactment of this Act.