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Senate considers bill to boost vet employment

Posted on January 29th, 2013 Read time: 1 minutes

One of the bills introduced to congress this year would expand existing tax credits for businesses that hire veterans and make it easier for these employers to file claims, according to Accounting Today.

Aimed at tackling veterans’ unemployment, the Veterans Employment Transition Act of 2013 proposes a $2,400 tax credit for employers who hire veterans who have been discharged in the past five years.

In addition, veterans would only have to show their discharge papers to demonstrate their recent service. This would eliminate rules that requires employers verify with state employment agencies, making it easier for them to collect tax credits.

“After defending our nation on the battlefield, all too many veterans are facing a new battle when they come home – the battle to find good paying jobs,” Senator Max Baucus said in a statement.

Post 9/11 veterans faced a 10.8 percent unemployment rate in December, which far exceeded the national average of 7.8 percent, Accounting Today notes.

The bill follows proposals earlier this month to improve public hiring of veterans, according to Marine Corps Times.

By outsourcing payrolling and HR administration, businesses will find hiring veterans and accessing tax credits can be a very simple process.

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