Heroes for Hire Income Tax Credit

Employers are eligible for a $1,000 nonrefundable income tax or financial institution excise (state-portion) tax credit for each job created if the employee is a recently deployed unemployed veteran. The act also allows a one-time nonrefundable credit up to $2,000 for expenses associated with the start-up business for a recently deployed unemployed veteran who holds at least 50% ownership interest in a start-up.