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<xml>
<title>Illinois General Assembly - Bill Status for HB 3340         </title>
<shortdesc>INC TX- VETERANS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. John M. Cabello</sponsors>
</sponsor>
<lastaction>
<statusdate>12/3/2014</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/217</reference><aliasreference></aliasreference><reference>35 ILCS 5/217.1</reference><aliasreference></aliasreference><SynopsisText>     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.</SynopsisText></synopsis>
<actions>
<statusdate>2/26/2013</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. John M. Cabello</action>
<statusdate>2/26/2013</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/26/2013</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/11/2013</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/18/2013</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Filed with Clerk by Rep. John M. Cabello</action>
<statusdate>3/18/2013</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Referred to Rules Committee</action>
<statusdate>3/19/2013</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rules Refers to Revenue &amp; Finance Committee</action>
<statusdate>3/22/2013</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>3/22/2013</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>12/3/2014</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

