INC TX-VETERANS WAGE CREDIT Senate SponsorsSen. Cheryl Axley-John O. Jones-Dave Syverson-David Luechtefeld-Chris Lauzen, Larry K. Bomke, Bill Brady, J. Bradley Burzynski, Kirk W. Dillard, Wendell E. Jones, John J. Millner, Carole Pankau, William E. Peterson, Edward Petka, Steven J. Rauschenberger, Todd Sieben, Frank C. Watson and Richard J. Winkel, Jr. 1/9/2007SenateSession Sine Die 35 ILCS 5/216 newAmends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to 5%, but in no event to exceed $600, of the gross wages paid by the taxpayer to a qualified veteran in the course of that veteran's sustained employment during the taxable year. Defines "qualified veteran". Provides that the credit may be carried forward for 5 taxable years. Exempts the credit from the Act's sunset provisions. Effective immediately. 5/3/2006SenateFiled with Secretary by Sen. Cheryl Axley 5/3/2006SenateChief Co-Sponsor Sen. John O. Jones 5/3/2006SenateChief Co-Sponsor Sen. Dave Syverson 5/3/2006SenateChief Co-Sponsor Sen. David Luechtefeld 5/3/2006SenateChief Co-Sponsor Sen. Chris Lauzen 5/3/2006SenateAdded as Co-Sponsor Sen. Larry K. Bomke 5/3/2006SenateAdded as Co-Sponsor Sen. Bill Brady 5/3/2006SenateAdded as Co-Sponsor Sen. J. Bradley Burzynski 5/3/2006SenateAdded as Co-Sponsor Sen. Kirk W. Dillard 5/3/2006SenateAdded as Co-Sponsor Sen. Wendell E. Jones 5/3/2006SenateAdded as Co-Sponsor Sen. John J. Millner 5/3/2006SenateAdded as Co-Sponsor Sen. Carole Pankau 5/3/2006SenateAdded as Co-Sponsor Sen. William E. Peterson 5/3/2006SenateAdded as Co-Sponsor Sen. Edward Petka 5/3/2006SenateAdded as Co-Sponsor Sen. Steven J. Rauschenberger 5/3/2006SenateAdded as Co-Sponsor Sen. Todd Sieben 5/3/2006SenateAdded as Co-Sponsor Sen. Frank C. Watson 5/3/2006SenateAdded as Co-Sponsor Sen. Richard J. Winkel, Jr. 5/3/2006SenateFirst Reading 5/3/2006SenateReferred to Rules 1/9/2007SenateSession Sine Die