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Biz tax breaks for hiring veterans grow

Mon, 09 Jul 2012 17:04:07 CDT

Governor Pat Quinn has signed a bill to provide more tax breaks to Illinois companies who hire recent military veterans. Quinn says the new law aims at reducing the unemployment rate for young veterans who have served since 9-11. The unemployment rate for some of these veterans--males between 18 and 24--is currently hovering around 30 percent. Quinn says the law will build on things the federal government has done, like the new G-I bill which provides education and healthcare benefits to veterans.

"There's no better benefit than a j-o-b and that's what this law is all about, to make sure there are good jobs for our veterans."

Quinn says the measure will double the existing tax credit up to 5-thousand dollars for hiring post 9-11 veterans.

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