LANSING, Mich. — Michigan small business owners who hire unemployed veterans could soon be eligible for tax credits under bipartisan legislation co-sponsored by Sen. John Proos.
“We owe our veterans a tremendous debt for their selfless dedication and the enormous sacrifices they made in defense of our freedoms,” said Proos, R-St. Joseph. “The ‘Hire MI Heroes’ initiative would enlist Michigan’s job-creating small businesses in the effort to give our veterans a chance to live the American Dream that they served honorably to protect.”
Senate Bill 89 would provide Michigan small businesses that hire an unemployed veteran with a one-time tax credit of 25 percent of the veterans’ compensation up to $4,000.
“When our veterans return home they often face real challenges transitioning into new careers,” Proos said. “This is about standing up for our veterans, and I am proud to co-sponsor a proactive plan to encourage job creators to hire Michigan’s heroes.”
To ensure accountability, SB 89 includes several safeguards, such as enabling the state to reduce or terminate the credit if the veteran the business hired to receive the credit is laid off within a year.
“During my time in the Senate, we have achieved much to assist veterans entering the workforce by removing unnecessary barriers to getting a job in Michigan,” Proos said. “This initiative would build on our continued efforts to help thank our veterans for their service to America.”
SB 89 has been referred to the Senate Finance Committee, which Proos serves on as a member.
Editor’s note: Audio comments by Proos will be available at www.SenatorJohnProos.com/Audio.