New York- Governor Andrew Cuomo marches in Veterans Day Parade in New York City on Nov. 11, 2013.
ALBANY – New York State is rolling out a new tax credit supporters say will make it easier for thousands of military veterans to find work.
On Veterans Day, Governor Andrew Cuomo announced the beginning of a promotional effort by New York State’s Division of Veterans’ Affairs to highlight a $74 million tax credit, which will encourage employers to hire New York’s post-9/11 veterans who are currently not employed.
Governor Cuomo stated that all New Yorkers owe a special debt of gratitude to those who’ve served in the armed forces in the years since 9/11.
Beginning on Veterans Day, New York State’s Division of Veterans’ Affairs will send direct informational mailings about the tax credit to organizations committed to hiring veterans. Additionally, the Division of Veterans’ Affairs will promote the tax credit to Veterans organizations and schools accepting Post-9/11 G.I. Bill benefits, and deliver printed pamphlets describing the tax credit for distribution by more than 150 Veterans Service Organizations and Counselors.
In New York and across the country, Unemployment rates for post-9/11 veterans are noticeably higher than the unemployment rates for their non-veteran counterparts. According to the Governor’s office, there are approximately 75,000 post-9/11 veterans living in New York State today.
The tax credit will take effect on January 1, 2014.
As part of his Veterans Day announcements, Governor Coumo also said that New York will soon host a Veterans and Military Families Summit, to be held in December in Albany. He said the event will continue the state’s work to support veterans and the military community by identifying new ways to serve veterans. More details regarding the Summit will be released in the near future, including how veterans and their families can participate.
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