H.R. 8786

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8786 Introduced in House (IH)]

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119th CONGRESS
2d Session
H. R. 8786

To amend the Internal Revenue Code of 1986 to provide the work 
opportunity tax credit with respect to the hiring of veterans in the 
field of renewable energy.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

May 13, 2026

Ms. Clarke of New York (for herself, Ms. Norton, Ms. Kamlager-Dove, and 
Ms. Crockett) introduced the following bill; which was referred to the 
Committee on Ways and Means

_______________________________________________________________________

A BILL

To amend the Internal Revenue Code of 1986 to provide the work 
opportunity tax credit with respect to the hiring of veterans in the 
field of renewable energy.

Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Incentives for our Nation's Veterans 
in Energy Sustainability Technologies Act'' or as the ``INVEST Act''.

SEC. 2. WORK OPPORTUNITY TAX CREDIT FOR VETERANS HIRED IN THE FIELD OF 
RENEWABLE ENERGY.

(a) In General.--Section 51(d)(14) of the Internal Revenue Code of 
1986 is amended to read as follows:
``(14) Certain veterans hired in the field of renewable 
energy.--
``(A) In general.--For purposes of this subpart, an 
individual shall be treated as a member of a targeted 
group if such individual is a specified veteran, but 
qualified wages with respect to such individual shall 
include only wages attributable to services rendered in 
a field of renewable energy.
``(B) Specified veteran.--For purposes of this 
paragraph, the term `specified veteran' means any 
veteran (as defined in paragraph (3)) who is certified 
by the designated local agency as--
``(i) having received a credential or 
certification from the Department of Defense of 
military occupational specialty or skill in a 
field of renewable energy or with respect to 
advanced manufacturing, machinist or welding, 
or engineering,
``(ii) having completed a vocational degree 
in a field of renewable energy during the 1-
year period ending on the hiring date, or
``(iii) having completed a LEED 
certification with the United States Green 
Building Council.
``(C) Renewable energy.--For purposes of this 
paragraph, renewable energy means resources that rely 
on fuel sources that restore themselves over short 
periods of time and do not diminish, including the Sun, 
wind, moving water, organic plant and waste material, 
and the Earth's heat.''.
(b) Treatment of Possessions.--
(1) Payments to possessions.--
(A) Mirror code possessions.--The Secretary of the 
Treasury shall pay to each possession of the United 
States with a mirror code tax system amounts equal to 
the loss to that possession by reason of the amendment 
made by this section. Such amounts shall be determined 
by the Secretary of the Treasury based on information 
provided by the government of the respective possession 
of the United States.
(B) Other possessions.--The Secretary of the 
Treasury shall pay to each possession of the United 
States which does not have a mirror code tax system the 
amount estimated by the Secretary of the Treasury as 
being equal to the loss to that possession that would 
have occurred by reason of the amendment made by this 
section if a mirror code tax system had been in effect 
in such possession. The preceding sentence shall not 
apply with respect to any possession of the United 
States unless such possession establishes to the 
satisfaction of the Secretary that the possession has 
implemented (or, at the discretion of the Secretary, 
will implement) an income tax benefit which is 
substantially equivalent to the income tax credit in 
effect after the amendments made by this section.
(2) Coordination with credit allowed against united states 
income taxes.--The credit allowed against United States income 
taxes for any taxable year under the amendment made by this 
section to section 51 of the Internal Revenue Code of 1986 to 
any person with respect to any qualified veteran shall be 
reduced by the amount of any credit (or other tax benefit 
described in paragraph (1)(B)) allowed to such person against 
income taxes imposed by the possession of the United States by 
reason of this subsection with respect to such qualified 
veteran for such taxable year.
(3) Definitions and special rules.--
(A) Possession of the united states.--For purposes 
of this subsection, the term ``possession of the United 
States'' includes American Samoa, Guam, the 
Commonwealth of the Northern Mariana Islands, the 
Commonwealth of Puerto Rico, and the United States 
Virgin Islands.
(B) Mirror code tax system.--For purposes of this 
subsection, the term ``mirror code tax system'' means, 
with respect to any possession of the United States, 
the income tax system of such possession if the income 
tax liability of the residents of such possession under 
such system is determined by reference to the income 
tax laws of the United States as if such possession 
were the United States.
(C) Treatment of payments.--For purposes of section 
1324(b)(2) of title 31, United States Code, the 
payments under this subsection shall be treated in the 
same manner as a refund due from credit provisions 
described in such section.
(c) Effective Date.--The amendment made by this section shall apply 
to individuals who begin work for the employer after December 31, 2025.
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