INVEST Act

This bill would change the federal work opportunity tax credit so employers can claim it for hiring certain veterans to work in renewable energy. To qualify, a veteran must be certified as having a Defense Department credential in renewable energy, advanced manufacturing, machining, welding, or engineering; a vocational degree in renewable energy earned within the year before hiring; or a LEED certification. Only wages for renewable energy work would count toward the credit. The Treasury would make payments to U.S. territories to cover their resulting tax losses. The change would apply to veterans who start work after December 31, 2025.

Full text and official record on Congress.gov

Sponsors

• Yvette D. Clarke Democrat sponsor
• 4 cosponsors