Hire Veterans Act

Bill 118 s 3636, also known as the Hire Veterans Act, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to incentivize businesses to hire veterans by providing tax credits to employers who hire and retain veterans in their workforce.

The Hire Veterans Act proposes to offer a tax credit to employers who hire qualified veterans for full-time positions. The tax credit would be based on the veteran's salary and the length of time they are employed by the company. Employers would also be eligible for an additional tax credit if they provide on-the-job training or mentorship programs for veterans.

In addition to providing tax incentives for employers, the bill also aims to improve access to job training and placement services for veterans. It calls for the establishment of a national database of job openings specifically for veterans, as well as increased funding for programs that help veterans transition from military service to civilian employment. Overall, the Hire Veterans Act seeks to address the high unemployment rate among veterans and ensure that those who have served their country are able to find meaningful employment opportunities upon returning to civilian life. The bill has received bipartisan support in Congress and is currently being reviewed by the relevant committees before potentially being brought to a vote.