Illinois General Assembly - Bill Status for HB4002

Synopsis As Introduced
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.

Actions

Date	Chamber	Action
2/27/2023	House	Filed with the Clerk by Rep. Dave Vella
2/28/2023	House	First Reading
2/28/2023	House	Referred to Rules Committee

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