IL HB5422 | 2019-2020 | 101st General Assembly

Status

Spectrum: Partisan Bill (Republican 4-0)
Status: Introduced on February 14 2020 - 25% progression, died in committee
Action: 2020-06-23 - Rule 19(b) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

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.

Tracking Information

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Title

INCOME TAX-VETERANS

Sponsors


History

DateChamberAction
2020-06-23HouseRule 19(b) / Re-referred to Rules Committee
2020-03-12HouseAssigned to Revenue & Finance Committee
2020-02-18HouseReferred to Rules Committee
2020-02-18HouseFirst Reading
2020-02-14HouseChief Co-Sponsor Rep. Amy Grant
2020-02-14HouseChief Co-Sponsor Rep. Patrick Windhorst
2020-02-14HouseChief Co-Sponsor Rep. Grant Wehrli
2020-02-14HouseFiled with the Clerk by Rep. Daniel Swanson

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355217Amended CodeCitation Text
355217.1Amended CodeCitation Text

Illinois State Sources


Bill Comments

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