John J. Bonacic's posts related to Veterans

Helping Our Heroes: New Law Assists Service Disabled Vets

As your Senator, I have always worked together in a bipartisan way to provide support for New York State's courageous veterans.   That's why I am pleased to report that an important new proposal to help New York’s Service Disabled Veterans pursue successful new business ventures has just been signed into law. Modeled after a highly successful federal initiative, New York’s new law will establish a new contract preference “set-aside” for service disabled veterans.


Breakfast with American Legion Post 151, Wawayanda

Senator Bonacic and his wife, Pat, attended the pancake breakfast hosted by the American Legion Post 151 in Wawayanda recently.  This event benefits  the local Vietnam Vets, and here is the Senator with some of the Veteran chefs who cooked up a great meal.     

New Law: "Hire a Veteran" Tax Credit

Starting this year, businesses can receive a tax credit for hiring and employing a qualified veteran. The credit is equal to 10 percent of the total amount of wages paid to the qualified veteran during their first full year of employment. If the veteran is disabled, the credit amount is increased to 15 percent. The credit is capped at $5,000 per veteran or $15,000 per disabled veteran. Any unused credit may be carried forward to the following three years.