Illinois HB3017 creates a $5,000 income tax credit for employers hiring military spouses.
HB3017 amends the Illinois Income Tax Act to provide a credit for employers who hire military spouses. The credit is $5,000 per military spouse hired during the taxable year. If the credit exceeds the tax liability, the excess can be carried forward for up to five years. The credit cannot reduce the taxpayer's liability below zero. This Act takes effect immediately upon becoming law.
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