On an unanimous vote, the Alabama Senate agreed Tuesday, March 7, to extend tax credits to qualifying small businesses for hiring any certified unemployed veteran, not just recently discharged veterans.
SB66 by Sen. Gerald Dial, R-Lineville, removes the requirement from the 2012 Heroes for Hire Act that unemployed veterans hired for full-time work must have been discharged from active duty in the past two years for their employer to claim a $1,000 tax credit. It also renames the act, the Veterans Employment Act. The tax credit is available to employers with fewer than 50 employees.
The bill is on the agenda for the House Military and Veterans Affairs Committee’s Wednesday, March 15, meeting.
This article is part of the Alabama Retail Report, a communication for Alabama Retail Association members. Not a member? Join us!