Illinois General Assembly - Bill Status for HB4449

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Bill Status of HB4449 98th General Assembly

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Short Description: INCOME TAX-VETERANS

House Sponsors
Rep. John M. Cabello

Last Action

Date	Chamber	Action
12/3/2014	House	Session 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

Date	Chamber	Action
1/29/2014	House	Filed with the Clerk by Rep. John M. Cabello
2/3/2014	House	First Reading
2/3/2014	House	Referred to Rules Committee
12/3/2014	House	Session Sine Die

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