IL HB2221 | 2023-2024 | 103rd General Assembly
Status
Completed Legislative Action
Sponsorship: Slight Partisan Bill (Democrat 2-1)
Status: Failed on January 7 2025 - 100% progression
Action: 2025-01-07 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Sponsorship: Slight Partisan Bill (Democrat 2-1)
Status: Failed on January 7 2025 - 100% progression
Action: 2025-01-07 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who have an approved NFPA 13D residential fire sprinkler system installed in a new or existing residential dwelling in the State during the taxable year. Provides that the credit shall be in an amount equal to 50% of the total cost of the installation but not to exceed $10,000 per taxpayer in any taxable year. Provides that the credit is exempt from the Act's automatic sunset provisions. Effective immediately.
Title
INC TX-FIRE SPRINKLERS
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-07 | House | Session Sine Die |
| 2023-03-10 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2023-02-28 | House | Added Chief Co-Sponsor Rep. Sonya M. Harper |
| 2023-02-28 | House | Added Chief Co-Sponsor Rep. Martin McLaughlin |
| 2023-02-23 | House | To Revenue-Income Tax Subcommittee |
| 2023-02-21 | House | Assigned to Revenue & Finance Committee |
| 2023-02-08 | House | Referred to Rules Committee |
| 2023-02-08 | House | First Reading |
| 2023-02-08 | House | Filed with the Clerk by Rep. Mary E. Flowers |
Code Citations
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2221&GAID=17&DocTypeID=HB&SessionID=112&GA=103 |
| Text | https://www.ilga.gov/legislation/103/HB/10300HB2221.htm |
