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Braley Touts Tax Credit in Cedar Rapids
CEDAR RAPIDS, Iowa (CBS 2/Fox 28) -- Rep. Bruce Braley (D) visited Cedar Rapids Monday morning to tout a bill which would make permanent tax credits for businesses that hire returning returning service members and those wounded in combat.
Braley introduced the Hire a Hero Act last year. The tax credits were first introduced in 2011, but expired at the end of last year.
The tax credits provide between $2,400 and $9,600 to businesses who hire veterans. The credits are available to businesses that hire unemployed or returning veterans and qualify for tax credits worth between $2,400 and $5,600.
Businesses that hire unemployed veterans with a service-connected disability qualify for tax credits of between $4,800 and $9,600. There is no limit to how many veterans a business can hire or on how many credits they can receive.