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1 | | "Veterans Day" means the eleventh day of November of each |
2 | | year. |
3 | | Section 1-10. Paid leave for Veterans Day. |
4 | | (a) Notwithstanding any other provision of law, on and |
5 | | after January 1, 2025, each employer shall provide each |
6 | | employee who is a veteran with one paid day off each year on |
7 | | Veterans Day if the employee would otherwise be required to |
8 | | work on that day. The employee must provide the employer with |
9 | | at least 30 calendar days' notice that the employee intends to |
10 | | take time off on Veterans Day. The employee must also provide |
11 | | the employer with documentation verifying that the employee is |
12 | | a veteran. |
13 | | (b) If the employer is unable to provide time off to each |
14 | | veteran, as provided in subsection (a), without experiencing |
15 | | significant economic or operational disruption, then the |
16 | | employer may deny such a time off request, but only to the |
17 | | extent necessary to avoid the significant economic or |
18 | | operational disruption. If the employer denies a time off |
19 | | request under this subsection, the employer must notify the |
20 | | employee at least 14 calendar days prior to Veterans Day that |
21 | | his or her request has been denied and must make a good faith |
22 | | effort to provide the employee with a substitute day on which |
23 | | the employee may receive paid time off. Except as otherwise |
24 | | provided in this subsection with respect to veterans who are |
25 | | employed in positions that are subject to a collective |
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1 | | bargaining agreement, if the veteran is employed by a public |
2 | | employer as a firefighter, police officer, emergency medical |
3 | | technician, or paramedic, then, in lieu of providing the |
4 | | veteran with a substitute day off, the public employer may |
5 | | require the veteran to work on Veterans Day if the employer |
6 | | compensates the veteran at the rate of at least 2 times his or |
7 | | her hourly wages on that day. Notwithstanding the provisions |
8 | | of this subsection (b), if the veteran is employed in a |
9 | | position that is subject to a collective bargaining agreement |
10 | | and the veteran is required to work on Veterans Day under the |
11 | | terms of the collective bargaining agreement, then the |
12 | | employer shall provide the veteran with a substitute day on |
13 | | which the employee may receive paid time off at the rate of |
14 | | compensation that applies to the veteran under the terms of |
15 | | the collective bargaining agreement. |
16 | | ARTICLE 5. INCOME TAX PROVISIONS |
17 | | Section 5-5. The Illinois Income Tax Act is amended by |
18 | | adding Section 241 as follows: |
19 | | (35 ILCS 5/241 new) |
20 | | Sec. 241. Wages paid to veterans under the Veterans Day |
21 | | Paid Leave Act. |
22 | | (a) For each taxable year beginning on or after January 1, |
23 | | 2025, each taxpayer is entitled to a credit against the tax |
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1 | | imposed by subsections (a) and (b) of Section 201 of this Act |
2 | | in an amount equal to 100% of the wages paid by the taxpayer |
3 | | during the taxable year to veterans as a result of the paid day |
4 | | off required under the Veterans Day Paid Leave Act. For |
5 | | partners of partnerships and shareholders of Subchapter S |
6 | | corporations, there shall be allowed a credit under this |
7 | | Section to be determined in accordance with the determination |
8 | | of income and distributive share of income under Sections 702 |
9 | | and 704 and Subchapter S of the Internal Revenue Code. |
10 | | (b) A taxpayer claiming the credit provided by this |
11 | | Section shall maintain and record such information as the |
12 | | Department may require by rule regarding the credit claimed |
13 | | under this Section. |
14 | | (c) In no event shall a credit under this Section reduce |
15 | | the taxpayer's liability to less than zero. If the amount of |
16 | | the credit exceeds the tax liability for the year, the excess |
17 | | may be carried forward and applied to the tax liability of the |
18 | | 5 taxable years following the excess credit year. The tax |
19 | | credit shall be applied to the earliest year for which there is |
20 | | a tax liability. If there are credits for more than one year |
21 | | that are available to offset a liability, the earlier credit |
22 | | shall be applied first. |
23 | | (d) This Section is exempt from the provisions of Section |
24 | | 250. |
25 | | ARTICLE 99. EFFECTIVE DATE |