New Law: "Hire a Veteran" Tax Credit
John J. Bonacic
January 15, 2015
-
ISSUE:
- Veterans

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.
Share this Article or Press Release
Newsroom
Go to NewsroomSenator Bonacic Honors 11 New Eagle Scouts from Troop 38 in Warwick
February 29, 2016
Senator Bonacic Supports Legislation to Cut Taxes for Farmers
February 26, 2016
Senator Bonacic's Remarks from the Hunger Coalition Press Conference
February 25, 2016