New York City Council Header
File #: Res 0143-2014    Version: * Name: Establishing a veterans tax credit for businesses that hire veterans and disabled veterans. (S.1707/ A.4098)
Type: Resolution Status: Filed (End of Session)
Committee: Committee on Veterans
On agenda: 3/26/2014
Enactment date: Law number:
Title: Resolution calling upon the New York State Legislature to pass, and the Governor to sign S.1707 and A.4098, legislation establishing a veterans tax credit for businesses that hire veterans and disabled veterans.
Sponsors: Eric A. Ulrich, Inez D. Barron, Margaret S. Chin, Mathieu Eugene, Vincent J. Gentile, Paul A. Vallone, Helen K. Rosenthal
Council Member Sponsors: 7
Attachments: 1. Committee Report 3/28/14, 2. Hearing Testimony 3/28/14, 3. Hearing Transcript 3/28/14
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
12/31/2017*Eric A. Ulrich City Council Filed (End of Session)  Action details Meeting details Not available
3/28/2014*Eric A. Ulrich Committee on Veterans Laid Over by Committee  Action details Meeting details Not available
3/28/2014*Eric A. Ulrich Committee on Veterans Hearing Held by Committee  Action details Meeting details Not available
3/26/2014*Eric A. Ulrich City Council Referred to Comm by Council  Action details Meeting details Not available
3/26/2014*Eric A. Ulrich City Council Introduced by Council  Action details Meeting details Not available

Res. No. 143

 

Resolution calling upon the New York State Legislature to pass, and the Governor to sign S.1707 and A.4098, legislation establishing a veterans tax credit for businesses that hire veterans and disabled veterans.

 

By Council Members Ulrich, Barron, Chin, Eugene, Gentile, Vallone and Rosenthal

 

Whereas, Veterans who have served since September 2001 are experiencing higher rates of unemployment than previously seen either among older veterans or the general population, even as the economy has improved following the recent recession; and

Whereas, For February 2014, the unemployment rate for veterans that have served since September 11, 2001, commonly referred to as post-9/11 or recent veterans, was 9.2 percent, compared to the general civilian unemployment rate of 6.3 percent; and

Whereas, During 2013, the average unemployment rate for post-9/11 veterans for the year was 9.1 percent, significantly higher than the average rate of 6.7 percent for all veterans and 7.4 percent for the general population; and

Whereas, In a survey of recent veterans, nearly 70 percent cited finding employment as their biggest challenge; and

Whereas, Many veterans report having difficulty translating their military experience and skills to terms more commonly used by civilian employers, while others have struggled in the job market due to the fact that they began looking for work during a serious recession; and

Whereas, The federal government previously offered tax credits to employers that hired unemployed veterans under the Work Opportunity Tax Credit program, but the program has not been renewed; and

Whereas, In January 2013, New York State Senator Mark Grisanti and Assembly Member Fred Thiele, Jr. introduced S.1707 and A.4098, bills that would provide New York companies with a financial incentive to hire veterans by offering such businesses tax credits in return for employing those who have served our country in the United States military; and

Whereas, S.1707 and A.4098 would provide a tax credit of $3,000 per veteran hired or $4,000 for every disabled veteran hired; now, therefore, be it

Resolved, That the Council of the City of New York calls upon the New York State Legislature to pass, and the Governor to sign S.1707 and A.4098, legislation establishing a veterans tax credit for businesses that hire veterans and disabled veterans.

 

KET 3/17/14 1:37PM

LS 1112/2014