Origin: A credit is available to businesses that hire veterans who live and work in Massachusetts. The credit is equal to $2,000 for each qualified veteran hired. Businesses with 100 or fewer employees may claim a $2,000 credit against the corporate excise or personal income tax for each qualified veteran hired. See TIR 17-10.
Origin: M.G.L. c. 62, § 6(u)
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2022
FY2023
FY2024
FY2025
FY2026
Personal Income Tax
Credits Against Tax
1.620
Veteran's Hire Tax Credit
A credit is available to businesses that hire veterans who live and work in Massachusetts. The credit is equal to $2,000 for each qualified veteran hired. Businesses with 100 or fewer employees may claim a $2,000 credit against the corporate excise or personal income tax for each qualified veteran hired. See TIR 17-10.
<a href="https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter62/Section6" target="_blank">M.G.L. c. 62, § 6(u)</a>
0.0
0.0
0.0
0.0
0.5
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