INVEST Act

The INVEST Act amends the federal tax code to expand the Work Opportunity Tax Credit for employers who hire veterans with specific renewable energy skills. To qualify for this credit, a veteran must be certified by a local agency as having military training in renewable energy fields, a recent vocational degree in the sector, or a LEED certification from the U.S. Green Building Council. The legislation defines renewable energy broadly to include sources like solar, wind, and geothermal power. Additionally, the bill addresses tax implications for U.S. territories by providing compensation for any lost tax revenue and ensuring coordination between federal and local tax credits. These provisions will take effect for employees who start working for an employer after December 31, 2025.