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SENATE DOCKET, NO. 818         FILED ON: 1/17/2013

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1336


The Commonwealth of Massachusetts



Barry R. Finegold


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 relative to a tax credit for the hiring of veterans.






Barry R. Finegold

Second Essex and Middlesex

Colleen M. Garry

36th Middlesex

Marcos A. Devers

16th Essex

SENATE DOCKET, NO. 818        FILED ON: 1/17/2013

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1336

By Mr. Finegold, a petition (accompanied by bill, Senate, No. 1336) of Barry R. Finegold, Colleen M. Garry and Marcos A. Devers for legislation relative to a tax credit for the hiring of veterans.  Revenue. 

The Commonwealth of Massachusetts


In the Year Two Thousand Thirteen



An Act relative to a tax credit for the hiring 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:

              Chapter 63 of the General Laws is hereby amended by inserting after section 31N the following section: -

              Section 31O. (a) As used in this section, the following words shall, unless the context otherwise requires, have the following meanings:

              ‘Qualified veterans’, a Massachusetts resident who: (i) was a member of the Armed Forces of the United States, a member of the Massachusetts National Guard, or a member of any reserve component of the Armed Forces of the United States; (ii) served on active duty in connection with the Vietnam Conflict, Operation Desert Storm, Operation Enduring Freedom, or Operation Iraqi Freedom; (iii) who has provided the taxpayer with documentation showing honorable discharge; and (iv) was initially hired by the taxpayer on or after January 1, 2013.

              ‘Sustained employment’, a period of employment that is at least 185 days during a taxable year.

              (b) For each taxable year on or after January 1, 2013, each taxpayer is entitled to a credit against the excise due under this chapter in an amount equal to 5%, but in no event to exceed $600, of the gross wages paid by the taxpayer to a qualified veteran in the course of that veteran’s sustained employment during the taxable year.

              (c) If a taxpayer is subject to a minimum excise under this chapter, the amount of credit allowed shall not reduce the excise to an amount less than the minimum excise.

              (d) A taxpayer entitled to a credit under this section for any taxable year may carry over and apply to its excise for any 1 or more of the next succeeding 5 taxable years, the portion, as reduced from year to year, of those credits which exceed the excise for the taxable year. The tax credit shall be applied to the earliest year for which there is a tax liability. If there are credits for more than one year that are available to offset a liability, the earlier credit shall be applied first.

              (e) A taxpayer that has previously been approved to receive a credit under this section shall not be eligible to receive said payment for more than one calendar year. A taxpayer may apply to receive a credit under this section that relates to a different application in the same calendar year or a different application in a different calendar year.

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