Bill Title: Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who employ a veteran with a service connected disability for a period of at least 12 continuous months immediately before the end of the taxable year. Provides that the credit is in an amount equal to the percentage of disability suffered by the veteran multiplied by the employee's wage base. Provides that the veteran's wage base is the first $5,000 dollars in wages or compensation actually paid to the employee by the employer during the taxable year.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2023-02-28 - Referred to Rules Committee [HB4002 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Dave Vella [D]	Primary	Sponsored Bills	HD-068	FollowTheMoney	Ballotpedia	VoteSmart

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