Tax credit incentives to hire veterans signed into law - KWWL - Eastern Iowa Breaking News, Weather, Closings

Tax credit incentives to hire veterans signed into law

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It's been well-documented that a veteran's battle doesn't end with a welcome home ceremony and a pat on the back.

When Joe Stutler returned home from service in 1992, he understood the challenges in addressing a potential employer's concerns in hiring returning service men and women.

"Does this person have a disability, a traumatic brain injury, or something like that, that may adversely affect the situation?" he said.

Fast forward 19 years later and many of the same road blocks exist.  Today President Obama signed a new measure to help combat the problem .

Employers will be offered tax incentives for hiring unemployed veterans.

The Returning Heroes credit provides businesses a maximum credit of up to $5600 for each unemployed veteran hired.

The Wounded Warrior incentive offers employers who hire veterans with service-connected disabilities with a maximum credit of up to $9600 per veteran.

"Most employers will look at doing the right thing.  Certainly, I believe, these incentives will help many companies who are struggling with the economy," said Tom Aller, president of Interstate Power and Light. 

 

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