Human Resource & Labor News
www.agc.orgJanuary 11, 2012 / Issue No. 1-12
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On the Inside
Labor Law
NLRB Further Delays Implementation of Posting Rule
NLRB Issues Final Rule on “Quickie” Elections
NLRB Finds Arbitration Agreement Preventing Class Actions Unlawful
Labor Department Issues FLSA and FMLA Retaliation Guidance
Obama Makes Controversial Recess Appointments to the NLRB
Federal Contracting
OFCCP Proposes Changes to Affirmative Action Obligations Related to Individuals with Disabilities
AGC Opposes OFCCP-Proposed Compensation Data Collection Tool
AGC Webinar Discusses Davis-Bacon Wage Determinations and Enforcement Initiatives
Union Contracting
2011 Collective Bargaining Settlements Continue Downward Trend
Changes to National Maintenance Agreement Now in Effect
Hiring & Firing
New Law Offers Tax Credits for Hiring Unemployed Veterans
Hiring & Firing
New Law Offers Tax Credits for Hiring Unemployed Veterans
 

On Nov. 21, 2011, President Obama signed into law the Veterans Opportunity to Work (VOW) to Hire Heroes Act of 2011While the law offers many direct benefits to personally assist the nation’s veterans, such as education and training programs, for employers, the law provides tax incentives when qualifying unemployed veterans are hired and begin work between Nov. 22, 2011, and Dec. 31, 2012. 

The VOW Act will provide tax credits of up to $2,400 for employers who hire veterans who have been unemployed at least 4 weeks; up to $5,600 for hiring veterans who have been unemployed longer than 6 months; and up to $9,600 for businesses that hire veterans who have service-connected disabilities and have been unemployed longer than 6 months.  State workforce agencies will certify veterans as meeting the required periods of unemployment based on receipt of unemployment insurance compensation.

Additional information on the VOW Act can be found here.  AGC will notify members once guidance on how to claim credit is available.
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