New Mexico State Veteran Employment Tax Credit

HR 97 passed the New Mexico House and Senate in February.  The bill, which was part of New Mexico Governor Susana Martinez state tax-reform package, provides a one-time $1,000 tax credit to employers when they hire a qualifying veteran.
Governor Martinez issued the following statement in mid-February when the bill initially passed the state House of Representatives.

“We owe it to the men and women who fight for our freedom to make sure that they have jobs available to them when they return home,” said Governor Martinez. “Sadly, our veterans are coming back to some very difficult economic times and it is heartbreaking that many of these heroes are forced to stand in the unemployment line. This tax credit will provide New Mexico employers with a significant incentive to get our veterans back to work and honor the brave soldiers who have sacrificed so much on our behalf.”


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