Bill Status of HB4575 9th General Assembly
Short Description: INC TX-VETERANS
Rep. Jerry F. Costello, II - Donald L. Moffitt, Charles W. Krezwick, Scott E. Penny and Eddie Lee Jackson, Sr.
|Session Sine Die
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Income Tax Act. Increases the amount of the credit for wages paid by the taxpayer to a qualified veteran to 20%, but in no event to exceed $5,000, of the gross wages paid by the taxpayer to a qualified veteran if the veteran (A) was hired by the taxpayer on or after January 1, 2012 and (B) was unemployed at the time he or she was hired by the taxpayer. Exempts the credit from the Act's automatic sunset provisions. Effective immediately.