MN HF2139

Provides a tax credit to employers against Minnesota individual income tax for employing one or more qualified veterans.

Defines "qualified veteran" using the same meaning from section 51 of the Internal Revenue Code and bases the credit amount on the federal credit allowed for employment of qualified veterans.

Allows unused credits to be carried forward for up to ten taxable years if the credit exceeds the taxpayer's tax liability in a given year.

Takes effect for taxable years beginning after December 31, 2011.

Established to incentivize employers to hire returning veterans and encourage their reintegration into the community, with effectiveness measured by the number of veterans hired.