Democrat Congressman Peter Welch (Vermont) announced legislation on Monday that would renew the Unemployed Veteran WOTC target group, which expired on December 31, 2010. The Veterans Employment Tax Credit Act would provide a $2,400 tax credit when businesses hire a veteran released within the past 5 years who has received unemployment benefits for at least 4 weeks during the 12 months prior to hire.
Congressman Welch also announces that he will co-sponsor a bill by Republican Congressman Peter King (New York) that would provide a tax credit to businesses that hire veterans of the Iraq and Afghanistan wars.
The announcements were made on location at an unnamed Vermont business.
Read the full press release on the Congressman’s website.