TIA salutes approval of hiring tax credit for returning veterans

Jan. 1, 2020
Having been signed into law by President Barack Obama, the Tire Industry Association (TIA) is applauding passage of the Putting Veterans to Work Act of 2011.
Having been signed into law by President Barack Obama, the Tire Industry Association (TIA) is applauding passage of the Putting Veterans to Work Act of 2011.

TIA had been working with the U.S. Department of Labor and members of Congress to develop this type of business/public sector/private sector plan to hire disabled and returning veterans, according to Executive Vice President Dr. Roy Littlefield.

At the recent general membership meeting in Las Vegas, the organization unanimously adopted a resolution to support Congressional passage of the legislation for work opportunity tax credits aimed at returning veterans.

Littlefield explains that “these tax credits will make a difference in lives of many hard working returning soldiers, sailors, airmen and their families, and would be an important way for America to say ‘thank you’ for their shared sacrifice.”

The measure entails: Tax credits for companies of up to $5,600 for hiring veterans who have been looking for a job for more than six months, as well as a $2,400 credit for veterans who are unemployed for more than 4 weeks, but less than 6 months. Tax credits for companies of up to $9,600 for hiring veterans with service-connected disabilities who have been looking for a job for more than six months. Expansion of education and training opportunities for older veterans by providing 100,000 to unemployed veterans of past eras and wars with up to a year of additional Montgomery GI benefits to go towards education or training programs at community colleges or technical schools. Providing disabled veterans with up to a year of additional vocational rehabilitation and employment benefits.

  • Allowing service members to begin the federal employment process prior to separation in order to facilitate a seamless transition from the military to jobs at the Veterans Administration, Homeland Security, or other federal agencies.
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