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New measure aims to help IL vets get jobs

Wed, 04 Jul 2012 08:42:34 CDT
By: IPR

New measure aims to help IL vets get jobs Veterans having trouble finding work could get a boost from a measure Governor Pat Quinn is expected to sign this summer. Few would argue that there's anything more patriotic than serving one's country, but Illinois Department of Veterans Affairs Director Erica Borggren says when troops come home from Iraq and Afghanistan, they're having a hard time finding jobs.   Legislation awaiting the governor's signature is intended to help by increasing the tax credit Illinois gives businesses for hiring veterans. Companies would get up to $5,000 for hiring an out-of-work veteran. That tax break's only for veterans who were on active duty on and after September 11th, 2001. Borggren, who was in the army, say it's targeted toward younger vets because data shows their unemployment rate is higher than their non-veteran counterparts:

   

"They're bringing a very good skills set back but it's not a direct translation, especially when you talk about all the military training and experience that they have and trying to put that into civilian terms."

The higher tax credit provision kicks in for veterans hired as of June 1st, and remains through 2016.

   

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