Insights
 

"Cerius was a key ingredient in planning and executing an innovative approach to my problem."

Robin Hillery
CEO, LitCentral
.

 

Legislation Would Provide $4,800 Tax Credit for Firms Hiring Vets

by Piliero Mazza

Businesses that employ disabled veterans who have recently completed military service would be eligible to claim a tax credit of up to $4,800 under legislation (S. 3398) introduced May 24 by Senate Finance Committee Chairman Max Baucus (D-Mont.) and Sen. Charles Grassley (R-Iowa), ranking member of the committee. The legislation would also provide a credit of $2,400 for other qualified, non-disabled veterans. The tax credit proposed in the legislation is equal to 40 percent of qualifying wages up to $6,000 for most veterans and up to $12,000 for disabled veterans. In announcing the legislation, its sponsors lamented the fact that the unemployment rate among veterans who have served in the military since September 2001 "far exceeds that of their civilian peers." Nearly 15 percent of post-9/11 veterans are unemployed and the rate of unemployment for veterans aged 18 to 24 is 30.2 percent nearly double the rate for non-veterans the same age.

Provided by Piliero Mazza

Back to the Top
 

Cerius RSS Feed

Risky Business: Five Big Risks that Can Kill Your Business

Risky Business: Five Big Risks that Can Kill Your Business

White Paper

We're Here To Help

Find The Right Solution
Contact Us