Mississippi VETS-100 Report
Description
How to fill out VETS-100 Report?
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FAQ
The primary difference lies in the reporting requirements and the focus of each report. The Mississippi VETS-100 report specifically documents veteran employment within federal contracts, while the VETS-4212 report includes additional information on veterans employed in both federal and non-federal positions. Understanding these differences is vital for compliance and effective veteran employment strategies.
The Mississippi VETS-100 Report must be completed by federal contractors or subcontractors with a contract amount of $150,000 or more. This requirement applies to those organizations that employ veterans and want to demonstrate their commitment to veteran employment. Generally, if your business falls under these criteria, you are obligated to file the Mississippi VETS-100 Report annually to stay compliant with federal regulations. Completing this report provides you with an opportunity to showcase your veteran hiring practices and support for those who have served.
Homestead Property Tax Exemption for Veteran With 100% Disability: Honorably discharged Veterans with a service-connected total disability are exempt from all property taxes on the assessed value of their homestead property. Surviving Spouses of eligible Veterans can also receive the tax exemption.
The VETS-100A Report adopts the job categories used on the revised EEO-1 Report, while the VETS-100 Report has a single Officials and Managers job category. Source: US Department of Labor, Veterans' Employment and Training Service, .
The VETS-100A Report is now named the VETS-4212 Report. The VETS-100 Report is rescinded, rendering obsolete the VETS reporting requirements applicable to Government contracts and subcontracts entered into before December 1, 2003. The term covered veteran is replaced with the term protected veteran.
Persons who are 65 years of age and older or who are disabled, upon application and proof of eligibility, are exempt from all ad valorem taxes up to $7,500.00 of assessed value. The application for exemption must be filed with the individual county on or before April 1.
The VETS-4212 Report should be filed if a business has a current federal government contract or subcontract worth $150,000 or more, regardless of the number of employees.
There are several states that waive property taxes for 100% disabled veterans, including Florida, Texas, Virginia, New Mexico and Hawaii. These exemptions are available on principal residences only, not second or vacation homes. Often a surviving spouse who remains unremarried is also eligible for the benefits.
The VETS-100A Report adopts the job categories used on the revised EEO-1 Report, while the VETS-100 Report has a single Officials and Managers job category. Source: US Department of Labor, Veterans' Employment and Training Service, .
Thanks to the state's Homestead Property Tax Exemption, Mississippi disabled veteran benefits (for those with a VA disability rating of 100%) are exempt from all property taxes on the assessed value of one homestead property. Surviving spouses of eligible veterans may also receive this tax exemption.
