Bill > S01153

This bill establishes a returning veterans tax credit for businesses that hire veterans and disabled veterans. The credit is worth $3,000 per veteran hired or $4,000 per disabled veteran hired, with a total annual benefit not exceeding $15,000. To qualify, the veteran or disabled veteran must be a new employee, work at least 35 hours per week (or 17.5 hours per week for disabled veterans), and remain employed for at least 12 months. The credit can be carried over to the next 10 tax years if not fully used in the initial year. The bill defines key terms like "new employee," "base year," and "base employment" to determine eligibility and calculate the credit.