MN HF125

Creates a tax credit for qualified employers who hire disabled veterans, unemployed veterans, or 9-11 veterans as employees in Minnesota.

Disabled veteran hires receive a credit of 10 percent of wages paid (maximum $3,000 per year); unemployed veteran hires receive 10 percent of wages (maximum $1,500); 9-11 veteran hires receive 10 percent of wages (maximum $500).

Qualified employees must be Minnesota residents on date of hire, paid Minnesota-attributable wages, and cannot be related to the employer or own more than 50 percent of the business.

Employers can claim only one credit per veteran hired and cannot claim credits for previously employed veterans.

Credit is effective for taxable years beginning after December 31, 2014.