Illinois General Assembly - Bill Status for HB4760
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 Bill Status of HB4760  95th General Assembly


House Sponsors
Rep. Ronald A. Wait - Mike Boland and Patrick J Verschoore

Last Action
DateChamber Action
  1/13/2009HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/203from Ch. 120, par. 2-203

Synopsis As Introduced
Amends the Illinois Income Tax Act. Allows qualified veterans to deduct, from their base income, any compensation, up to $50,000 per year, during the 5-year period directly following that qualified veteran's discharge from military service. Defines a "qualified veteran" as a veteran who was an Illinois resident at the time that he or she entered military service, who was honorably discharged from the Armed Forces of the United States, the Illinois National Guard, or any reserve component of the Armed Forces of the United States, and who served for at least 6 months in an active-duty capacity in a combat zone. Exempts the deduction from the Act's sunset provisions. Effective immediately.

DateChamber Action
  2/4/2008HouseFiled with the Clerk by Rep. Ronald A. Wait
  2/6/2008HouseFirst Reading
  2/6/2008HouseReferred to Rules Committee
  2/26/2008HouseAssigned to Revenue Committee
  2/28/2008HouseAdded Chief Co-Sponsor Rep. Mike Boland
  3/5/2008HouseAdded Co-Sponsor Rep. Patrick J Verschoore
  3/14/2008HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2009HouseSession Sine Die

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