Bill > HF120

This bill provides a tax credit for employers who hire military veterans in Minnesota. The key provisions are: 1. Defines a "qualified employee" as a Minnesota resident who is paid wages attributable to Minnesota, and excludes certain related employees and owners. 2. Provides a 10% tax credit on wages paid to a "disabled veteran" (up to $3,000) or an "unemployed veteran" (up to $1,500) who is hired as a "qualified employee." 3. Allows the tax credit to be claimed by "qualified employers" who are required to file a Minnesota tax return. 4. Limits the tax credit to the employer's liability for the taxable year and allows only one credit per qualified employee. 5. Specifies that the credit can be claimed by flow-through entities (partnerships, LLCs, S-corps, etc.) and passed through to the owners. 6. The tax credit is effective for taxable years beginning after December 31, 2018.

Budget and Finance, Military Affairs and Security

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF0120&ssn=0&y=2019