SENATE DOCKET, NO. 1755 FILED ON: 1/20/2017
SENATE . . . . . . . . . . . . . . No. 1627
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The Commonwealth of Massachusetts
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PRESENTED BY:
Richard J. Ross
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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act establishing a tax credit for employment of veterans.
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PETITION OF:
Name: | District/Address: |
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Richard J. Ross | Norfolk, Bristol and Middlesex |
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Donald F. Humason, Jr. | Second Hampden and Hampshire | 1/30/2017 |
Keiko M. Orrall | 12th Bristol | 1/31/2017 |
Ryan C. Fattman | Worcester and Norfolk | 2/2/2017 |
Eric P. Lesser | First Hampden and Hampshire | 2/3/2017 |
Bruce E. Tarr | First Essex and Middlesex | 2/14/2017 |
SENATE DOCKET, NO. 1755 FILED ON: 1/20/2017
SENATE . . . . . . . . . . . . . . No. 1627
By Mr. Ross, a petition (accompanied by bill, Senate, No. 1627) of Richard J. Ross, Donald F. Humason, Jr., Keiko M. Orrall, Ryan C. Fattman and other members of the General Court for legislation to establish a tax credit for employers of veterans who received an honorable discharge. Revenue. |
The Commonwealth of Massachusetts
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In the One Hundred and Ninetieth General Court
(2017-2018)
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An Act establishing a tax credit for employment of veterans.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. Section 6 of chapter 62 of the General Laws, as appearing in the 2014 Official Edition, is hereby amended by inserting after subsection (t) the following new subsection:-
(u) There shall be a credit for any employer based in Massachusetts who hires a veteran upon an honorable discharge from at least 90 days of service. The credit shall be $500 per month of employment for each newly hired full time veteran and $750 per month of employment for each newly hired disabled veteran. The credit shall be available for the first 12 months of employment and shall not exceed $50,000 per business in any calendar year. This section shall expire five years from its effective date.