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Extending Tax Credits for Companies Hiring Veterans

This act extends tax credits for employers who hire veterans, making it easier for veterans to re-enter the workforce. Businesses, including some non-profitable ones, can receive financial support, encouraging them to create jobs for former service members. The changes aim to simplify the application process for the credit and boost veteran employment.
Key points
Extension of tax credit for companies hiring veterans, potentially increasing their job opportunities.
Simplified procedures for employers applying for the credit, making it easier to hire veterans.
Eligibility for the credit extended to certain non-profitable businesses, broadening the pool of potential employers for veterans.
Government reporting requirement on program effectiveness to assess its impact on veteran employment.
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Additional Information
Print number: 117_HR_2963
Sponsor: Rep. Brownley, Julia [D-CA-26]
Process start date: 2021-05-04