INC TX-VETERANS CREDIT House SponsorsRep. Sandy Cole 1/8/2013HouseSession Sine Die 35 ILCS 5/21735 ILCS 5/217.1 new Amends the Illinois Income Tax Act. Creates a credit in the amount equal to 20%, but in no event to exceed $5,000, of the gross wages paid by the taxpayer to a qualified veteran in the course of that veteran's sustained employment during each taxable year ending on or after the date of hire by the taxpayer if that veteran was unemployed for an aggregate period of 4 weeks or more during the 6-week period ending on the Saturday immediately preceding the date he or she was hired by the taxpayer. Provides that a taxpayer is not eligible for the credit if the taxpayer claimed an existing credit for wages paid to the same qualified veteran for that taxable year. Effective immediately. 6/20/2012HouseFiled with the Clerk by Rep. Sandy Cole 6/27/2012HouseFirst Reading 6/27/2012HouseReferred to Rules Committee 1/8/2013HouseSession Sine Die