OR HB2520

Employers may claim an income tax credit for hiring veterans who received an honorable discharge within the past seven years and work at least 1,000 hours annually

Small employers (100 or fewer employees) receive $1,000 per veteran in year one, increasing by $100 annually to a maximum of $1,500; larger employers receive $750 per veteran, increasing to a maximum of $1,250

Veterans must be paid at least $1 per hour above Oregon's applicable minimum wage to qualify the employer for the credit

Credits may be claimed for up to three consecutive tax years per veteran and can be carried forward for up to three additional years if unused

Applies to tax years beginning January 1, 2027, through January 1, 2033; the Department of Veterans' Affairs will establish eligibility rules