108 CMR, § 16.04 - Qualified Veterans Hire Tax Credit
(1) For the tax
years beginning on or after January 1, 2023, a Qualified Employer may claim the
Qualified Veterans Hire Tax Credit on the tax return filed for the taxable year
that is six months after the Qualified Veteran began working for the Qualified
Employer. The Qualified Employer shall include in its filing the certificate
number provided in the Certification.
(2) A Qualified Employer may apply for a new
Certificate, entitling it to claim an additional credit in the taxable year
following the initial claimed credit, for the same Qualified Veteran if such
Qualified Veteran is continuously employed. Any new Certificate will be issued
in the same manner and based on the same criteria as the original Certificate.
No Qualified Employer shall be authorized to claim a Qualified Veterans Hire
Tax Credit more than twice for any one Qualified Veteran.
(3) A Qualified Employer may carry forward
the amount of credit that exceeds the tax due for a taxable year to any of the
three subsequent taxable years.
(4)
Qualified Veterans Hire Tax Credit shall not be transferrable or
refundable.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.