An Act establishing a tax credit for employment of veterans

This bill creates a tax incentive for Massachusetts businesses that hire veterans who have served at least 90 days and received an honorable discharge. Employers receive a monthly credit of $500 for each new full-time veteran employee and $750 for those with disabilities, provided the credit is claimed within the first year of employment. The total amount a single business can claim is capped at $50,000 per calendar year, and the program is set to expire five years after it begins.