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NC H924

Bill

Status

Introduced

5/4/2011

Primary Sponsor

Mary Harrison

Click for details

Origin

House of Representatives

2011-2012 Session

AI Summary

  • Increases tax credit for businesses that hire veterans by $1,000 per job filled by a veteran of the Armed Forces of the United States.

  • Allows an additional $3,000 credit per job when a position in an urban progress zone or agrarian growth zone is filled by a veteran, resident of that zone, or long-term unemployed worker.

  • Specifies that only one additional credit amount applies per job; if multiple conditions are met, the higher amount is used rather than combining amounts.

  • Effective for taxable years beginning on or after January 1, 2011.

Legislative Description

Art. 3J Tax Credit for Hiring Veterans

Last Action

Ref to the Com on Homeland Security, Military, and Veterans Affairs, if favorable, Finance

5/5/2011

Committee Referrals

Homeland Security, Military, and Veterans Affairs5/5/2011

Full Bill Text

No bill text available