Illinois 98th Regular Session Status: In Committee 1 R cosponsors

HB 3340 — INC TX- VETERANS

Last action — Session Sine Die

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 98th Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

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.

Bill Text

How this bill changes current law

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AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill changes the Illinois Income Tax Act to provide a fixed credit amount for wages paid to qualified veterans, alters the definition of 'qualified veteran', and allows the credit to be prorated.

  • 35 ILCS 5/217

    20% of the gross wages, but not to exceed $5,000 → $5,000

    The credit for wages paid to certain unemployed veterans is changed from a percentage to a fixed amount.

  • 35 ILCS 5/217.1

    20%, but in no event to exceed $5,000 → $1,200

    The credit for other qualified veterans is changed from a percentage to a fixed amount.

  • 35 ILCS 5/217

    For taxable years beginning prior to January 1, 2013, "qualified veteran" means an Illinois resident who: (i) was a member of the Armed Forces of the United States, a member of the Illinois National Guard, or a member of any reserve component of the Armed Forces of the United States; (ii) served on active duty in connection with Operation Desert Storm, Operation Enduring Freedom, or Operation Iraqi Freedom; (iii) has provided, to the taxpayer, documentation showing that he or she was honorably discharged; and (iv) was initially hired by the taxpayer on or after January 1, 2007. → For taxable years beginning on or after January 1, 2013, "qualified veteran" means an Illinois resident who is a member of the National Guard, reserve, or regular component of the Armed Forces of the United States.

    The definition of 'qualified veteran' is broadened to include all Illinois residents who are members of the National Guard.

  • 35 ILCS 5/217

    The credit shall be prorated.

    The credit for veterans employed less than 185 days will now be prorated.

  • 35 ILCS 5/217

    This Section is exempt from the provisions of Section 250.

    The credit under this section is exempt from automatic sunset provisions.

Action History

  1. Session Sine Die

  2. House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee

  3. Rule 19(a) / Re-referred to Rules Committee

  4. House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee

  5. House Committee Amendment No. 1 Referred to Rules Committee

  6. House Committee Amendment No. 1 Filed with Clerk by Rep. John M. Cabello

  7. Assigned to Revenue & Finance Committee

  8. Referred to Rules Committee

  9. First Reading

  10. Filed with the Clerk by Rep. John M. Cabello

Sponsors

Sponsorship breakdown

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0 sponsors · 1 co-sponsors · 182 not signed on

Sponsors (0)

None.

Co-sponsors (1)

Not signed on (182)

182 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

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Frequently asked questions

What does HB 3340 do?
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.
Who sponsors HB 3340?
HB 3340 is sponsored by John M. Cabello (Republican).
What is the current status of HB 3340?
This bill died with 98th Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 3340?
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Last checked for changes 3 months ago · updated continuously

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