Title: Preference in Hiring Veterans

Summary: Authorizes corporate income tax credit for private employers hiring certain veterans/spouses of veterans; provides limitation; requires DOR to adopt rules & establish requirements.

Full Text:
An act relating to preference in hiring veterans; providing a short title; amending s. 295.188, F.S.; authorizing a corporate income tax credit for private employers hiring certain veterans or spouses of veterans; providing a limitation; requiring the Department of Revenue to adopt certain rules and establish certain requirements; providing an effective date. Be It Enacted by the Legislature of the State of Florida: Section 1. This act may be cited as the "Veterans Preference Incentive Act." Section 2. Subsection (4) is added to section 295.188, Florida Statutes, to read: 295.188 Preference in hiring veterans for private employers;tax credit.-(4)(a) For taxable years beginning on or after January 1, 2018, a private employer that adopts an employment policy in accordance with this section may receive a credit against the tax imposed by chapter in the amount of $1,000 for each employee hir ed pursuant to subsection (2). (b) A private employer may claim credits for no more than three eligible employees in any one tax year. HB 2017 (c) The Department of Revenue shall adopt rules governing the manner and form of application for the tax credit and establish qualification requirements for the tax credit. Section 3. This act shall take effect July 1, 2017.