SENATE DOCKET, NO. 914        FILED ON: 2/9/2021

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1947

The Commonwealth of Massachusetts

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PRESENTED BY:

Patrick M. O'Connor

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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:

SENATE DOCKET, NO. 914        FILED ON: 2/9/2021

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1947

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE SENATE, NO. 1748 OF 2019-2020.]

The Commonwealth of Massachusetts

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In the One Hundred and Ninety-Second General Court
(2021-2022)

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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 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.