Bill > S02230

This bill establishes a returning veterans tax credit for businesses that hire veterans and disabled veterans. The tax credit is worth $3,000 per veteran hired or $4,000 per disabled veteran hired, with a total annual benefit not exceeding $15,000. The credit can be claimed for new employees hired after the bill takes effect, and can be carried over for up to 10 succeeding taxable years. The bill defines key terms such as "new employee," "base year," and "disabled veteran" in the context of the tax credit.