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IN HB1251
Bill
Status
Introduced
1/9/2012
Primary Sponsor
Steven Davisson
Click for details
AI Summary
- Creates a $750 tax credit for Indiana employers who hire veterans who were deployed on active duty within one year prior to their hire date
- Credit amount is prorated based on hours worked, calculated as actual hours divided by 2,000 hours (full-time equivalent)
- Applies to state adjusted gross income tax, financial institutions tax, and insurance premiums tax liabilities
- Employers legally required to hire or rehire a veteran cannot claim this credit, and the credit cannot be combined with other hiring credits for the same veteran
- Unused credits may be carried forward for up to four taxable years but cannot be refunded or carried back
Legislative Description
Tax credit for hiring veterans.
Last Action
First reading: referred to Committee on Ways and Means
1/9/2012
Full Bill Text
No bill text available