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American Payroll Association (APA) Basic Guide to Payroll, 2013 Edition
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CCH® PAYROLL — 4/20/12

Wisconsin enacts credit for hiring unemployed disabled veterans

Recently enacted Wisconsin legislation has created a personal income and corporation franchise and income tax credit for hiring unemployed veterans having a disability of at least 50%, applicable to taxable years beginning after 2011.

For each disabled veteran hired to work a full-time job at the claimant's business in Wisconsin, the credit amount is $4,000 in the first taxable year and $2,000 in each of the three subsequent taxable years.

For part-time jobs, the base credit amount is $2,000 in the first taxable year and $1,000 in each of the three subsequent taxable years. The amount that may be claimed is determined as follows: (1) divide the number of hours that the veteran worked for the claimant during the taxable year by 2,080; and (2) multiply the base credit amount by the number determined in step 1.

No credit may be claimed in any taxable year in which the disabled veteran voluntarily or involuntarily leaves his or her employment with the claimant.

In addition, the credit may be claimed only for hiring a disabled veteran who has received unemployment compensation benefits for at least one week prior to being hired by the claimant, who was receiving such benefits when he or she was hired by the claimant, and who was eligible to receive such benefits at the time the benefits were paid. (Act 212 (S.B. 369), Laws 2012, applicable as noted.)

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