The main goal of both the Tax Credit to Hire Veterans and Veteran Opportunity to Work is to help veterans find jobs in the civilian workforce.
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'Veteran Opportunity to Work Act' Boosts Employment

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On July 7, 2011 the Tax Credit to Hire Veterans Act of 2011 (H.R. 2443) legislation was added to the already valuable Veteran Opportunity to Work (VOW) Act of 2011 (H.R. 2433).

The main goal of both the Tax Credit to Hire Veterans and Veteran Opportunity to Work is to help veterans find jobs in the civilian workforce. But in fact, everyone, as well as the economy at large, benefits from H.R. 2443 and H.R. 22433 including veterans seeking gainful employment, small businesses ready to expand, and manufacturers of equipment for small businesses.

Here's how this potential economy-boosting legislation works for everyone:

TAX INCENTIVES TO HIRE VETERANS

The Tax Credit to Hire Veterans Act provides a tax credit to be applied toward capital equipment purchases to small businesses that hire unemployed veterans.

Rep. Jeff Miller, Chairman of the House Committee on Veterans' Affairs, introduced the Tax Credit to Hire Veterans Act of 2011 legislation as a unique incentive for small business to hire veterans, and at the same time help small businesses to expand, as well as encouraging capital equipment purchases.

VETERAN OPPORTUNITY TO WORK ACT OF 2011

The Veteran Opportunity to Work Act of 2011 (VOW) is a legislative promise to end the epidemic of veteran unemployment in the United States: to protect men and women who have served their country, by providing ongoing solutions to veteran unemployment, especially during economic downturns.

For example, the VOW Act gives state governors the option to use up to 25 percent of available funding for training programs to can veterans to become more employable.

The VOW Act has also vowed to work with the Department of Labor and individual states to remove certain licensing and certification requirements which may be barriers to veterans who want to enter the civilian workforce.

In addition, Veteran Opportunity to Work Act expands access to military education by extending one additional year of Montgomery GI Bill benefits to 100,000 unemployed veterans of past wars, giving veterans needed education that will help them to find meaningful employment in the global marketplace.



TRANSITION ASSISTANCE PROGRAM FOR VETERANS

TAP, the Transition Assistance Program, provides military service members develop their civilian job support skills such as resume writing, in order to pave the way from military life to a successful civilian career.

The VOW Act supports the goals of TAP by offering updated programs for learning new technology, and making TAP classes available for all military service members.

If you are an unemployed veteran, Veteran Opportunity to Work and Transition Assistance Program offer you training and support to re-enter the workforce as a civilian. If you are eligible, be sure to access these programs for benefit, today.



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