Ohio HB529 authorizes tax credits for employers hiring veterans, service members, and their spouses.
Ohio HB529 amends the state's tax code to authorize refundable tax credits for employers who hire qualifying employees, including veterans, service members, and their spouses. The bill specifies that a qualifying employee is defined as a veteran, disabled veteran, member of the national guard or reserve components of the armed forces, or the spouse of any such person. Employers can claim a credit of up to $500 for the initial year if the qualifying employee is employed full-time, or $250 if employed part-time.
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