FOR IMMEDIATE RELEASE - MEDIA CONTACT: Sarah Oliver, (651)
296-5956
Senator Carla Nelson District 26 Serving Olmsted County
Office: 117 State Office Bldg., Saint Paul, Minnesota
55155 FOR IMMEDIATE RELEASE
July 24, 2015
TAX CREDIT FOR COMBAT VETERANS SET TO EXPIRE (St. Paul, MN)
Combat veterans in Minnesota could miss out on hundreds of dollars
of
savings as the 2011 Combat Service Tax Credit is set to
expire.
Every year, Minnesota offers a tax credit for military service
in a combat zone, worth $120
for each month of service. After August 15, service that took
place in 2011 will no longer be
eligible for the credit. Senator Carla Nelson (R-Rochester) is
encouraging everyone to help
get the word out so veterans are aware of this deadline.
These heroes put themselves in harms way for our country, said
Sen. Nelson. Each year veterans miss out on this credit simply
because they are not aware of it. Its our responsibility to make
sure that no longer happens. If you know a veteran who may
qualify
for this credit, please share this news with them.
Our veterans give all, they deserve our best, continued Sen.
Nelson. That is why I authored legislation that included incentives
for businesses to hire veterans, and exempted
military pensions from Minnesota income taxes. I am disappointed
those proposals stalled,
but will continue to work for passage so our veterans can
benefit from these initiatives.
Veterans must meet three qualifications to claim the 2011 combat
zone military service tax
credit:
They must have served in a combat zone or hazardous-duty zone in
2011.
They must have lived in Minnesota during your time of
service.
They must have received combat pay.
To claim the credit, simply fill out a 2011 Form M99, the Credit
for Military Service in
aCombat Zone form. The credit is also available for 2012, 2013,
and 2014, but these
credits are not expiring this year.
Individuals with questions about this tax credit should contact
the office of Sen. Nelson
at 651-296-4848, or the Department of Revenue at
1-800-652-9094.
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