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March 28, 2005
Hope At Home Act Awaits House Approval
Inc.com is reporting that the Hope at Home Act, which was unanimously approved by the Senate earlier this month, is now awaiting passage in the House. The Hope at Home Act would provide a 50% tax credit to companies that pay the difference between company salary and military salary to employees called to active duty.
The Act would also provide a tax credit to companies forced to hire replacements for employees called to active duty. The estimated cost of the Act is $1.9 billion over the next 10 years. Proponents hope the Act can be implemented by January 2006 if it passes the House.
Posted by Nick Infusino at 12:20 PM in Small Businesses | Permalink
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