IllinoisHB2710104th General Assembly (2025–2026)House

INC TX-FIRE SPRINKLERS

Sponsored By: Michael J. Kelly (Democratic)

In Committee

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 credit awards under the amendatory Act shall be limited to the lesser of 2,000 credit awards per year or $8,000,000 in total credits per year. Provides that the credit is exempt from the Act's automatic sunset provisions. Effective immediately.

revenue & finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Michael J. Kelly

    Democratic • House

Cosponsors

  • Martin McLaughlin

    Republican • House

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Rule 19(a) / Re-referred to Rules Committee

    3/21/2025House
  2. To Tax Policy: Income Tax Subcommittee

    3/6/2025House
  3. Assigned to Revenue & Finance Committee

    3/4/2025House
  4. Referred to Rules Committee

    2/6/2025House
  5. First Reading

    2/6/2025House
  6. Added Chief Co-Sponsor Rep. Martin McLaughlin

    2/5/2025House
  7. Filed with the Clerk by Rep. Michael J. Kelly

    2/4/2025House

Bill Text

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