U.S. Sen. Charles Schumer is seeking an extension of a tax credit for veterans that is scheduled to expire at the end of the year, The Journal News/Lohud.com reports this evening.
Schumer visited the Paladin Center in Carmel today to promote the Returning Heroes and Wounded Warriors Tax Credits programs, which offers up to $9,600 in tax breaks for each veteran a business hires. The law took effect in November 2011.
“I’m going to use my clout … to get this tax credit renewed,” he said after his appearance at the Paladin Center. “We do have bipartisan support.”
There are nearly 3,000 unemployed veterans in the Hudson Valley. Businesses receive $2,400 in tax credits for hiring a veteran who has been out of work for less than six months, $4,800 for hiring someone out of work more than six months and $9,600 for those with disabilities.