HB2520 Session 2025r1 In House Committee

Allows a credit against income taxes for up to three years for employment of qualified military veterans if the wage requirement is met.

Summary

Digest: Allows a taxpayer to claim, for up to three years, a credit against their income tax if the taxpayer employs a qualified veteran. Requires the taxpayer to pay at least the required wage. (Flesch Readability Score: 61.9). Allows a credit against income taxes for up to three years for employment of qualified military veterans if the wage requirement is met. Applies to tax years beginning on or after January 1, 2027, and before January 1, 2033. Takes effect on the 91st day following adjournment sine die.