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August 10, 2012

Veterans Tax Credit extension touted

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Empire State Development has earmarked $2.5 million for a proposed expansion of the Plattsburgh facility. The plan would call for the company to invest up to $25 million, but no timetable has been announced.

FORT DRUM IN DISTRICT

Owens, a co-sponsor of the original bill, said support of veterans is especially important for this district, which is home to Fort Drum near Watertown.

“We look forward to making sure this credit gets extended,” he said.

State Assemblywoman Janet Duprey said Bombardier is a vital part of the regional economy. Its recent successes, she noted, are great for its stability moving forward.

“I was pleased to see the MTA contract come to the North Country,” she said.

‘GET THIS DONE’

John Hetfield, a local veterans employment representative with the U.S. Department of Labor, said the tax credits have made a significant difference in helping veterans find jobs.

“We’ve had a lot of success with it,” he said.

It will be critical that the tax credit doesn’t get attached to other legislators’ special-interest projects, Schumer said. He does want to tie it in with other tax credits that would target middle-class families.

“We have to break through that and get this done,” he said.

Schumer said there is also a plan to allow municipalities and nonprofits to receive tax credits for hiring veterans. Both bills have bi-partisan support, he said.

Email Dan Heath: dheath@pressrepublican.com

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