FL S0110

Establishes a $5,000 one-time tax credit for businesses hiring veterans who begin employment on or after January 1, 2015, and work at least 36 hours per week after the business pays $5,000 in gross salary to the veteran.

Provides an additional $5,000 one-time tax credit for hiring veterans with service-connected disabilities verified by official letter from the United States Department of Veterans Affairs.

Caps total tax credits approved by the Department of Revenue at $10 million per calendar year, with approval on a first-come, first-served basis based on application completion date.

Requires businesses to submit an application and receive department approval before claiming credits, with the department authorized to adopt rules and guidelines for the credit program.

Expires December 31, 2019, but allows qualifying businesses to carry forward unused credits for up to 2 taxable years after the year earned.