Hire A Veteran And Get A Tax Credit

An amendment to a U.S. Senate bill to repeal the federal 3 percent withholding mandate would give tax credits to companies that hire veterans. The Senate unanimously approved legislation Nov. 10; it must now go back to the House, which is expected to approve it. And President Barack Obama indicated he will sign the amended bill.

For each veteran hired who has been unemployed for at least six months, companies will receive a $5,600 tax credit. A smaller credit will be given for veterans unemployed for less than six months. Companies also would be offered a $9,600 tax credit for hiring out-of-work veterans with service-related disabilities.

The International Franchising Association launched its Operation Enduring Opportunity, which includes the commitment of more than 825,000 franchise establishments to hire and recruit 75,000 veterans and 5,000 wounded warriors by 2014.

Unemployment among veterans is almost 12 percent, while the overall U.S. rate is 9 percent. However, unemployment among the youngest veterans - 18 to 24 - is at 30 percent.

Do you have room in your organization to hire a veteran?

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Kelly Faloon was a former editor of Plumbing & Mechanical as well as the BNP Media Plumbing Group’s Integrated Content Development Specialist. She also was a former editor of the Radiant Comfort Guide the Radiant & Hydronics Report — both official publications of the Radiant Professionals Alliance — and twice-monthly Radiant & Hydronics eNews, an enewsletter for anyone interested in the world of heating with hot water.

Her editorial specialties included women in plumbing, recruiting for the trades, green construction techniques, water conservation, water treatment, hydronic heating, radiant heating and cooling, snow melt, solar thermal and geothermal.

After a 3½-year stint at sister publication Supply House Times, Faloon joined the PM staff in December 2001 as senior editor. She was named PM’s managing editor in 2006 and editor in 2013.

Previously, she spent nearly 10 years at CCH, a publishing firm specializing in business and tax law, where she wore many hats — proofreader, writer/editor for a daily tax publication, and Internal Revenue Code editor.

A native of Michigan’s northern Lower Peninsula, Faloon is a 1986 journalism graduate of Michigan State University.