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INC TX-VETERAN CREDIT

Amends the Illinois Income Tax Act. Increases the amount of the credit for wages paid to qualified veterans from an amount equal to "5%, but in no event to exceed $600, of the gross wages paid to a qualified veteran" to either $1,000, $1,500, or $3,000 depending on the number of qualified veterans employed. Effective immediately.

Latest Actions
  • 03/23/2007 - Rule 19(a) / Re-referred to Rules Committee
  • 02/21/2007 - Added Co-Sponsor Rep. Ruth Munson
  • 02/20/2007 - Added Co-Sponsor Rep. Harry R. Ramey, Jr.
  • 02/20/2007 - Assigned to Revenue Committee
  • 02/16/2007 - Added Co-Sponsor Rep. Michael P. McAuliffe

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Bill Text
File name Last Updated
HB1249 Bill Text Introduced PDF07/03/2007