LVMAC Tidbits

Employers Now Can Now Receive Expanded Tax Credits for Hiring Veterans

On 21 November, the President signed new legislation, a portion of which continued and expanded tax breaks to employers who hire veterans.  H.R. 674 became Public Law 112-56 and Title II within it, the section which applies to veterans, is known as the “VOW to Hire Heroes Act of 2011.”

While the bill directs certain federal departments to reform or improve veterans retraining and placement,  includes improvements to  Uniformed Services Employment and Reemployment Rights Act (USERRA), and directs improvements in the somewhat infamous Transition Assistance Program (TAP) — among  other items of interest  — what seems to be grabbing the attention has been a small section on new tax credits found under “Other Matters.” (more…)