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119-hr-2801119th CongressWALLET

Honor and Hire Veterans Act of 2025

Sponsored By: Representative Vasquez, Gabe [D-NM-2]

Introduced

Summary

Boosts hiring tax credit for veterans. This bill would increase the Work Opportunity Tax Credit for qualified veterans and raise the wage amounts employers can use to calculate the credit. It would also reduce the partial-credit rate for hires who do not meet minimum employment periods.

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  • Veterans: Qualified veterans would be eligible for a larger per-hire credit equal to 50% of first-year wages.
  • Employers: The wage amounts employers may use to compute the credit increase across tiers, for example from $12,000 to $18,000, letting firms claim more for higher-paid hires.
  • Short-term hires: Workers who do not meet minimum employment periods would qualify for a reduced applicable credit rate of 25% instead of higher rates.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Bigger hiring credit for veterans

If you own a business, you could get a bigger Work Opportunity Tax Credit for hiring qualified veterans. The credit would be 50% of first-year wages for a qualified veteran. Veteran wage caps would rise to $18,000, $21,000, or $36,000 by category. For other eligible hires, the rate would be 40% of first-year wages. Wage caps for non‑veterans would not change. If the hire does not meet the minimum employment period, the rate would be 25%. These rules would apply to people who start work after enactment.

Sponsors & CoSponsors

Sponsor

Vasquez, Gabe [D-NM-2]

NM • D

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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