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CBS 2 - Search Results

The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

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.
 
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