Incentives to Hire Unemployed Veterans

The Stimulus Bill contains language that will enhance the applicability of Incentives to Hire Unemployed Veterans.

Here is the current applicable forms:  http://www.doleta.gov/business/Incentives/opptax/PDF/WOTC%20f8850RevJune2007.pdf
http://www.doleta.gov/business/Incentives/opptax/PDF/ETA_Form_9061_ICF_6_F7-07.pdf

I will follow this and get you the form that will be published that includes the new language.

Here is the current benefit - read - if a Veteran is hired and works 2000 hours at $10.00 an hour the employer should receive  tax credit in the amount of $8,000.00

MINIMUN EMPLOYMENT OR RETENTION PERIOD. All new adult employees must work a minimum of 120 or 400 hours.  The WOTC amount an employer may claim depends on the hours the employee works. The credit is 25% of qualified first-year wages for those employed at least 120 hours but fewer than 400 hours and 40% for those employed 400 hours or more.

 I need feedback on this.  I will get a hold of Weaver at Michworks for a definitive explanation.