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SBx8 63: WOTC Style Veteran Credit

Very similar to the previously reported SBx8 59, SBx8 63 would create a hiring tax credit modeled after the federal WOTC, but only for “qualified veterans”:

For purposes of this section, “qualified veteran” means a member of the Armed Forces of the United States who has been honorably discharged from service within the five calendar years preceding employment by the taxpayer, who received unemployment compensation within California for not less than four weeks within the 12 calendar months preceding the date of employment by the taxpayer, and who is employed by the taxpayer for at least 120 hours during the taxable year in which the credit is claimed.

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