Date	Chamber	Action
3/21/2025	House	Rule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance

35 ILCS 5/246 new

Synopsis As Introduced
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.

Actions 

Date	Chamber	Action
2/4/2025	House	Filed with the Clerk by Rep. Michael J. Kelly
2/5/2025	House	Added Chief Co-Sponsor Rep. Martin McLaughlin
2/6/2025	House	First Reading
2/6/2025	House	Referred to Rules Committee
3/4/2025	House	Assigned to Revenue & Finance Committee
3/6/2025	House	To Tax Policy: Income Tax Subcommittee
3/21/2025	House	Rule 19(a) / Re-referred to Rules Committee

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