Legislation to provide tax credit of up to $15,000 for three years to employers hiring veterans.
Sponsors: Councilmember Oh, Councilmember Squilla, Councilmember Johnson, Councilmember Goode, Councilmember Kenney, Councilmember Neilson, Councilmember Greenlee, Councilmember Quiñones Sánchez, Council President Clarke, Councilmember Jones, Councilmember Reynolds Brown, Councilmember Blackwell, Councilmember Tasco, Councilmember Bass, Councilmember Henon, Councilmember O’Neill, Councilmember O’Brien
PHILADELPHIA (CBS) — Philadelphia officials are looking to expand the tax credit that goes to local companies that hire veterans.
Approved in City Council’s Commerce Committee this past week was a bill that expands the current veterans hiring tax credit. Among those speaking was Mike Graber who directs the veteran’s program at Impact Services, an employment assistance organization in Kensington….
…The measure, proposed by Councilman David Oh, does three things: it boosts the size of the tax credit from $2,000 per veteran hired to $5,000, it extends the expiration of the credit to the year 2020, and it adds reservists to those employees whose hiring would qualify for the credit.
By Mike Dunn