Illinois General Assembly - Bill Status for HB2412
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 Bill Status of HB2412  99th General Assembly


Short Description:  INCOME TAX-VETERANS

House Sponsors
Rep. John M. Cabello

Last Action
DateChamber Action
  1/10/2017HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/217
35 ILCS 5/217.1


Synopsis As Introduced
Amends the Illinois Income Tax Act. Makes changes to a credit awarded for wages paid to qualified veterans. Provides that the credit shall be: (1) $5,000 (instead of 20% of the gross wages, but not to exceed $5,000) for certain veterans who were unemployed at the time of hire; and (2) $1,200 (instead of 10% of the gross wages, but not to exceed $1,200) for other qualified veterans. Changes the definition of "qualified veteran" to include all Illinois residents who are members of the National Guard, reserve, or regular component of the Armed Forces of the United States. Allows the credit to be prorated. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.

Actions 
DateChamber Action
  2/10/2015HouseFiled with the Clerk by Rep. John M. Cabello
  2/17/2015HouseFirst Reading
  2/17/2015HouseReferred to Rules Committee
  3/2/2015HouseAssigned to Revenue & Finance Committee
  3/6/2015HouseTo Income Tax Subcommittee
  3/27/2015HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2017HouseSession Sine Die

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