Bill Overview
Title: NEST Act of 2022
Description: This bill amends the Internal Revenue Code to allow a $1,500 tax credit for veterans and retired law enforcement officers who are employed part-time by a local law enforcement agency to patrol one or more elementary or secondary schools or institutions of higher education.
Sponsors: Rep. Budd, Ted [R-NC-13]
Target Audience
Population: Veterans and retired law enforcement officers
Estimated Size: 300000
- The bill provides a tax credit specifically for veterans and retired law enforcement officers who take part-time employment in school security roles.
- The target population includes veterans and retired law enforcement officers because they are the ones eligible for the tax credit.
- The legislation applies to those who are living in areas where local law enforcement agencies employ part-time security for educational institutions.
- While not all veterans and retired law enforcement officers will seek such employment, a portion of them will pursue these opportunities, especially if they are seeking supplemental income or wish to remain active in their communities.
- The impact will extend to the educational institutions themselves, but the primary direct impact in terms of the population targeted by the legislation is on the individuals eligible for the tax credit.
Reasoning
- The policy aims to offer financial incentives to veterans and retired law enforcement officers through a tax credit, encouraging them to take roles that bolster school security.
- Considering the budget and the typical distribution of part-time jobs, approximately 300,000 individuals are estimated to engage with this policy over the first year.
- Wellbeing may increase slightly for those who value community involvement and increased financial stability from the tax credit.
- Schools may feel more secure with experienced personnel, but the impact directly evaluates the wellbeing change for eligible participants.
- Some veterans and retired officers may not pursue these roles due to relocation, interest, or other employment, ensuring a spectrum in the interviewed population.
Simulated Interviews
Retired Police Officer (Texas)
Age: 67 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 10.0 years
Commonness: 15/20
Statement of Opinion:
- I appreciate the opportunity to stay active in my community.
- The extra income isn't life-changing but helpful for small expenses.
- I believe school safety is important and this is a good use of my skills.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 7 | 6 |
| Year 5 | 8 | 6 |
| Year 10 | 9 | 6 |
| Year 20 | 7 | 5 |
Veteran (California)
Age: 50 | Gender: female
Wellbeing Before Policy: 5
Duration of Impact: 5.0 years
Commonness: 10/20
Statement of Opinion:
- I'm considering this as a part-time opportunity to safeguard schools and add to my income.
- The tax credit is beneficial, but availability of positions is a concern in my area.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 5 |
| Year 2 | 6 | 5 |
| Year 3 | 6 | 5 |
| Year 5 | 6 | 5 |
| Year 10 | 5 | 5 |
| Year 20 | 5 | 5 |
Retired Army Officer (Florida)
Age: 73 | Gender: male
Wellbeing Before Policy: 8
Duration of Impact: 0.0 years
Commonness: 8/20
Statement of Opinion:
- I likely won't pursue this as I have sufficient income and am enjoying retirement.
- Nonetheless, I think this is a great initiative for those who need it.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 8 |
| Year 2 | 8 | 8 |
| Year 3 | 8 | 8 |
| Year 5 | 8 | 8 |
| Year 10 | 8 | 8 |
| Year 20 | 8 | 8 |
Retired Law Enforcement (New York)
Age: 45 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 10.0 years
Commonness: 12/20
Statement of Opinion:
- I've been looking for part-time roles like this, so the tax credit is a nice incentive.
- Balancing family responsibilities will be a consideration.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 8 | 7 |
| Year 3 | 8 | 6 |
| Year 5 | 8 | 6 |
| Year 10 | 7 | 5 |
| Year 20 | 6 | 5 |
Part-time Security Officer (Ohio)
Age: 60 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 20.0 years
Commonness: 11/20
Statement of Opinion:
- I would appreciate the financial benefits as a part of the overall package.
- This also strengthens the role and perception of school security.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 7 |
| Year 2 | 8 | 6 |
| Year 3 | 9 | 6 |
| Year 5 | 9 | 6 |
| Year 10 | 9 | 6 |
| Year 20 | 8 | 6 |
Retired Military (Illinois)
Age: 62 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 15.0 years
Commonness: 9/20
Statement of Opinion:
- I see the tax credit as a welcome incentive, adding a meaningful contribution to my pension.
- Part-time commitment is doable for me.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 8 | 6 |
| Year 5 | 8 | 6 |
| Year 10 | 8 | 5 |
| Year 20 | 7 | 5 |
Retired Navy Officer (Massachusetts)
Age: 55 | Gender: other
Wellbeing Before Policy: 7
Duration of Impact: 3.0 years
Commonness: 14/20
Statement of Opinion:
- This policy complements my career satisfaction, aiding my education plans with stable income.
- I'm concerned about balancing study and work.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 7 | 7 |
| Year 5 | 7 | 6 |
| Year 10 | 6 | 6 |
| Year 20 | 6 | 6 |
Retired Air Force (Arizona)
Age: 48 | Gender: female
Wellbeing Before Policy: 5
Duration of Impact: 10.0 years
Commonness: 12/20
Statement of Opinion:
- Additional income would greatly help in care provision for my parents.
- Flexibility in scheduling is key for me.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 5 |
| Year 2 | 6 | 5 |
| Year 3 | 7 | 5 |
| Year 5 | 7 | 5 |
| Year 10 | 7 | 5 |
| Year 20 | 7 | 5 |
Retired Police Officer (Oregon)
Age: 69 | Gender: male
Wellbeing Before Policy: 8
Duration of Impact: 0.0 years
Commonness: 8/20
Statement of Opinion:
- I wouldn't be able to take these roles due to my current health situation.
- I see the act as a positive move for those who are capable.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 8 |
| Year 2 | 8 | 8 |
| Year 3 | 8 | 8 |
| Year 5 | 8 | 8 |
| Year 10 | 8 | 8 |
| Year 20 | 8 | 8 |
Retired Army Nurse (Michigan)
Age: 59 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 5.0 years
Commonness: 13/20
Statement of Opinion:
- I see this as an opportunity to use my skills differently.
- This career transition would mean planning alongside my current engagements.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 7 | 6 |
| Year 5 | 6 | 6 |
| Year 10 | 6 | 5 |
| Year 20 | 5 | 5 |
Cost Estimates
Year 1: $450000000 (Low: $337500000, High: $562500000)
Year 2: $450000000 (Low: $337500000, High: $562500000)
Year 3: $450000000 (Low: $337500000, High: $562500000)
Year 5: $450000000 (Low: $337500000, High: $562500000)
Year 10: $450000000 (Low: $337500000, High: $562500000)
Year 100: $450000000 (Low: $337500000, High: $562500000)
Key Considerations
- The policy provides a tax credit incentive for individuals, which may encourage employment among veterans and retired officers in schools.
- Monitoring and tracking the uptake of the credit will be crucial to understand real usage versus expected estimates.
- Coordination between educational institutions and local law enforcement will be essential for successful implementation.