During the 147th Delaware General Assembly, House Bill 275 was passed and provided the Veterans’ Opportunity Credit.
The purpose of this Act is to provide Delaware’s employers with an incentive to hire veterans who have served in overseas conflicts since 2001. Upon their return home, these veterans face a difficult job market and have experienced relatively high rates of unemployment. The tax credit created by this Act is designed to work in conjunction with the combined efforts of the Departments of Labor and Finance, the Delaware Economic Development Office, and veterans’ organizations throughout the State to develop and implement comprehensive and coordinated measures designed to assist these veterans as they transition to civilian life.
This Act shall be effective for qualified veterans hired on or after January 1, 2012.
For more information, view the Veterans’ Opportunity Credit Information Sheet.