IL HB2710 | 2025-2026 | 104th General Assembly

Status

Spectrum: Bipartisan Bill
Status: Introduced on February 4 2025 - 25% progression
Action: 2025-02-06 - Referred to Rules Committee
Pending: House Rules Committee
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 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.

Tracking Information

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Title

INC TX-FIRE SPRINKLERS

Sponsors


History

DateChamberAction
2025-02-06HouseReferred to Rules Committee
2025-02-06HouseFirst Reading
2025-02-05HouseAdded Chief Co-Sponsor Rep. Martin McLaughlin
2025-02-04HouseFiled with the Clerk by Rep. Michael J. Kelly

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355246New CodeSee Bill Text

Illinois State Sources


Bill Comments

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