Employers who hire post-911 vets would get $5,000 credit | News
A new bill aimed at encouraging local employers to consider hiring returning veterans is moving forward in the Illinois legislature.
It would increase the credit given to employers that hire qualified, unemployed veterans who served in the War or Terror to $5,000.
“Many of our returning veterans have come home to a community that has gone through a drastic economic change since their deployment,” said Rep. Jerry Walsh, one of the bill’s co-sponsors. “This bill helps to level the playing field for veterans who often struggle returning to civilian life and deserve a fair chance to provide for their families.”
Senate Bill 3241 now returns to the Senate for a concurrence vote before being sent to the governor.
“The men and women who have defended our democracy overseas should not have to fight for jobs when they return home,” said Gov. Pat Quinn. “The Hiring Veterans Tax Credit will empower businesses to hire our Veterans returning from Iraq and Afghanistan.
“Veterans are loyal, hard-working and know how to accomplish a mission, and this legislation will help alleviate unemployment among our returning service members. This credit is also a boost for small businesses in Illinois.”