LANSING—Legislation co-sponsored by Sen. John Proos to encourage small businesses to hire unemployed veterans was introduced on Tuesday in the Michigan Senate.
“We owe our veterans a tremendous debt for the enormous sacrifice and selfless dedication they make in defense of our freedoms,” said Proos, R-St. Joseph. “The ‘Hire MI Heroes’ initiative enlists 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 155 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. “We have achieved much to create jobs in Michigan, yet more than 30,000 of the state’s nearly 650,000 veterans are unemployed. 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 155 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.
“The bipartisan legislation builds on reforms we made during the last few years to assist veterans entering the workforce by removing unnecessary barriers to getting a job in Michigan,” Proos said. “Those reforms and this new initiative are common sense ways to help thank our veterans for their service while also doing something positive for the state economy.”
SB 155 has been referred to the Senate Finance Committee, which Proos serves on as a member.
Editor’s Note – Audio comments by Proos are available on the senator’s webpage at www.SenatorJohnProos.com. Click on “Audio” under the Media Center tab.