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]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2023-02-27	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB4002

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB4002 currently on file.

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