U.S. Senator max Baucus (D-Montana), introduced a bill today to provide a federal tax credit to employers that hire U.S. military veterans, including those who were activated by their states as National Guard members. Similar to the WOTC, the bill simplifies (apparently by replacement) some of the WOTC’s veteran provisions. Congressman Tim Walz (DFL-Minnesota) introduced an identical bill in the U.S. House of Representatives.
According to the press release, the bill “would provide a simplified tax credit for employers who hire servicemen and women who’ve left the service in the last 5 years.”
As a result, servicemen and women who have been recently discharged will be able to provide documentation from the Department of Defense without having to go through the tax credit’s current certification process, which can be lengthy. Any recently discharged veteran that has discharge paperwork showing 180 days of qualified active duty is eligible. This includes those men and women who were activated by their states as members of the National Guard.
I’ve not yet been able to find mention of the bill on either legislator’s website. A press release, however, was published today at 1:07 PM on the KECI Missoula News Channel 13 website.
