WASHINGTON – U.S. Senator Kevin Cramer (R-ND), a member of the Senate Armed Services Committee and Senate Veterans’ Affairs Committee, joined Senator Jacky Rosen (D-NV) in introducing the Hire Student Veterans Act, bipartisan legislation to provide a tax credit for businesses that hire part-time veterans who are using their GI benefits and taking advantage of paid internships and other work opportunities while still in school.
“It’s hard to imagine a better hire than a veteran ready to enter the workforce,” said Senator Cramer. “Our bipartisan legislation helps connect expanding businesses with veterans utilizing their GI benefits and seeking employment. It’s a win for employers and for our nation’s heroes hoping for a seamless transition into the workplace.”
The Hire Student Veterans Act would expand the Work Opportunity Tax Credit (WOTC) to include student veterans using their GI benefits and taking advantage of paid internships or work opportunities while in school. It will incentivize employers to hire more student veterans for part-time work and paid internships by automatically qualifying employers, who hire veterans using their GI Bill benefits, for the WOTC 40% tax credit on the first $6,000 of a new employee’s first-year wages.
Senators Cramer and Rosen are joined on the bill by Senators Jerry Moran (R-KS), Debbie Stabenow (D-MI), Steve Daines (R-MT), and Tammy Baldwin (D-WI).