Human Resource & Labor News
www.agc.orgMarch 21, 2012 / Issue No. 2-12
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On the Inside
Labor Relations
First Court to Rule on NLRB Notice Posting Regulation Upholds Posting Requirement
Construction Industry Experiences Slight Increase in Union Representation in 2011
CDW and Chamber Join Lawsuit Challenging NLRB Recess Appointments
Contractor Must Give Work to Plasterers Even Though Carpenters Won Representation Election
Federal Contracting
AGC Urges OFCCP to Exempt Construction Industry from Section 503 Disabilities Regulations
Recruiting & Hiring
EEOC Clarifies Hiring Guidance on High School Diploma Requirements, Disabled Veterans
IRS Issues Guidance for Employers on Tax Credit for Hiring Veterans
Leave & Benefits
Affordable Care Act Questions Answered
Labor Department Updates FMLA E-Laws Advisor
Immigration
Justice Department Issues Guidance for Employers on I-9 Audits
DOL Issues Final Rule on Temporary Foreign Workers
E-Verify “Self-Check” Available Nationwide
IRS Issues Guidance for Employers on Tax Credit for Hiring Veterans
 

On Feb. 9, 2012, the IRS released guidance and forms that employers may use to claim the newly-expanded tax credit for hiring veterans as outlined in the Veterans Opportunity to Work (VOW) to Hire Heroes Act of 2011.

Enacted Nov. 21, 2011, the VOW Act provides an expanded Work Opportunity Tax Credit to businesses that hire eligible unemployed veterans, and for the first time, also makes the credit available to certain tax-exempt organizations.  While the VOW Act 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.

Up to $2,400 in tax credits are available for employers who hire veterans who have been unemployed at least four weeks; up to $5,600 for hiring veterans who have been unemployed longer than six months; and up to $9,600 for employers that hire veterans who have service-connected disabilities and have been unemployed longer than six months.

For additional information on the VOW Act, click here.  For details on claiming the credit, click here.
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