Illinois General Assembly - Bill Status for HB5422
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 Bill Status of HB5422  101st General Assembly

Short Description:  INCOME TAX-VETERANS

House Sponsors
Rep. Daniel Swanson - Grant Wehrli - Patrick Windhorst - Amy Grant

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/217
35 ILCS 5/217.1

Synopsis As Introduced
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.

DateChamber Action
  2/14/2020HouseFiled with the Clerk by Rep. Daniel Swanson
  2/14/2020HouseChief Co-Sponsor Rep. Grant Wehrli
  2/14/2020HouseChief Co-Sponsor Rep. Patrick Windhorst
  2/14/2020HouseChief Co-Sponsor Rep. Amy Grant
  2/18/2020HouseFirst Reading
  2/18/2020HouseReferred to Rules Committee
  3/12/2020HouseAssigned to Revenue & Finance Committee
  6/23/2020HouseRule 19(b) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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