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Tax Credit for Hiring Student Veterans Using Federal Educational Benefits.

This law introduces a new tax credit for employers who hire veterans currently receiving federal educational assistance, such as the GI Bill. The goal is to boost employment opportunities for veterans who are also pursuing their education by making them more attractive candidates. Employers benefit financially through a tax credit for actively recruiting this specific group.
Key points
Employers qualify for the Work Opportunity Tax Credit (WOTC) when hiring veterans utilizing specific federal educational benefits programs.
The change aims to make student veterans more attractive job candidates, potentially improving their employment prospects while studying.
Standard minimum employment period requirements for the employer to claim the credit are modified (or waived) for this specific category of veteran hires.
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Additional Information
Print number: 118_S_3274
Sponsor: Sen. Rosen, Jacky [D-NV]
Process start date: 2023-11-09