An Iowa congressman is pushing his colleagues to permanently renew an expiring tax credit given to businesses that hire military veterans.
With the House already adjourned for the year, Rep. Bruce Braley, D-Iowa, called this week for Congress to reinstate the Work Opportunity Tax Credit and make it retroactive to Jan. 1, 2014. The credit has been used to hire 50,000 veterans, Braley's office said.
The law provides a break of $2,400 to $9,600 to businesses that hire veterans. The amount of the credit a business receives depends on a number of factors including how long a veteran served and whether he or she is disabled.
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