From the Illinois State Senate
State Senator John Sullivan, 47th Legislative District
FOR IMMEDIATE RELEASE: March 29, 2012
Incentive to Hire Unemployed Veterans Passes Senate
SPRINGFIELD, IL – State Senator John Sullivan’s plan to encourage businesses to hire unemployed veterans passed the Senate today. Senate Bill 3241, approved with unanimous support, gives employers a 20% tax credit when they hire an unemployed veteran who has served on active duty since September 11, 2001.
"It’s been gratifying to see legislators on both sides of the aisle working together to make it easier for veterans to find a job when they return home,” Sen. Sullivan said. “When businesses hire veterans, everybody wins; the business community gains proven leaders, neighborhoods and communities prosper as jobs are created, and most importantly, our returning veterans transition successfully to civilian life.”
For the business to receive the tax credit, the veteran must have been:
• On active duty on or after 9/11;
• A member of the United States Armed Forces, the Reserves, or the Illinois National Guard;
• Honorably discharged; and
• Unemployed for at least four weeks during the year before being hired.
Sen. Sullivan (D-Rushville) worked with the Department of Veterans’ Affairs and his colleagues across the aisle to pass the Hiring Veterans Tax Credit with bipartisan input and support.