HB 6196

  • Illinois House Bill
  • 97th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Inc Tx-Veterans Credit

Abstract

Amends the Illinois Income Tax Act. Creates a credit in the amount equal to 20%, but in no event to exceed $5,000, of the gross wages paid by the taxpayer to a qualified veteran in the course of that veteran's sustained employment during each taxable year ending on or after the date of hire by the taxpayer if that veteran was unemployed for an aggregate period of 4 weeks or more during the 6-week period ending on the Saturday immediately preceding the date he or she was hired by the taxpayer. Provides that a taxpayer is not eligible for the credit if the taxpayer claimed an existing credit for wages paid to the same qualified veteran for that taxable year. Effective immediately.

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Jan 08, 2013

House

Session Sine Die

Jun 27, 2012

House

First Reading

House

Referred to Rules Committee

Jun 20, 2012

House

Filed with the Clerk by Rep. Sandy Cole

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