Tax cuts may be in play for hiring veterans - East Valley Tribune: Arizona

Tax cuts may be in play for hiring veterans

Print
Font Size:
Default font size
Larger font size

Posted: Tuesday, March 12, 2013 7:44 pm

Businesses could get state tax credits for hiring unemployed veterans under the terms of legislation approved Monday by the House.

HB 2484 would give companies an income tax credit equal to 10 percent of the worker’s annual salary or $2,000 per employee — $4,000 for someone who has a service-connected disability — whichever is less.

The veteran has to be honorably discharged for the employer to get the credit. And the salary would have to be equal to at least the median wage in the state.

The credit would be available to employers for hires made until the end of 2015.

Rep. John Kavanagh, R-Fountain Hills, complained the legislation is too broad, saying it should instead focus only on those veterans who are disabled or recently separated. He said the state has only a limited amount of money it can forego to an employer who hires someone who may have been out of the service for decades.

The measure sponsored by Rep. Mark Cardenas, D-Phoenix, passed anyway on a 47-11 vote and now goes to the Senate.

  • Discuss

EVT Ice Bucket Challenge

The East Valley Tribune accepts the Ice Bucket Challenge.

Your Az Jobs