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Bills propose credits to businesses hiring jobless veterans

Feb 22, 2015

LANSING, Mich. (AP) - Michigan businesses that hire unemployed veterans would be eligible for up to $4,000 in tax credits under recently proposed legislation.

The legislation would provide businesses that hire an unemployed veteran a one-time tax credit of 25 percent of the veterans' compensation up to $4,000.
Credit Steve Carmody / Michigan Radio

The Hire MI Heroes Act is expected to be introduced as legislation in Michigan's House and Senate soon with bipartisan support.

  Sen. Vincent Gregory, a Vietnam veteran and Democrat from Southfield, is the lead sponsor of the bill in his chamber. He says in a news release that "both veterans and small businesses win" with the bills.

  The legislation would provide businesses that hire an unemployed veteran a one-time tax credit of 25 percent of the veterans' compensation up to $4,000.