(STATEHOUSE) Jan. 18, 2008 - In the past few years, more Hoosier national guard troops have been deployed overseas than since World War II, greatly increasing the number of veterans looking for work. State Rep. Milo Smith (R-Columbus) wants to assist our returning military personnel in their employment search by providing employers with incentives to hire veterans.
"The men and women of the armed services have done so much for this country that it only seems right to show them our gratitude by promising employment upon their return," Rep. Smith said. "This bill will help do that by encouraging employers to hire veterans."
House Bill 1321, co-authored by Rep. Smith, would create a tax credit for qualified employers employing veterans discharged from military service after Sept. 11, 2001. The bill would allow employers to receive a credit of up to 10 percent of the wages paid to the veteran or $500. Employers who hire veterans from the National Guard or the armed forces of the United States would be eligible for the deduction. The bill will limit the total annual credit to $1 million.
The bill as been assigned to the House Veterans Affairs and Public Policy Committee, awaiting a hearing. Upon passage, the bill would take affect Jan. 1, 2009.
Rep. Smith is committed to supporting and honoring Hoosier troops currently serving and our Hoosier veterans. He will continue to assist the military service members and their families who are sacrificing to defend our freedom and democracy.
Rep. Smith encourages constituents to contact him with questions or concerns through e-mail at firstname.lastname@example.org; by calling toll-free at 1-800-382-9841; or by writing him at 200 W. Washington St, Indianapolis, IN 46204.