Bill Sponsors: IL HB2221 | 2023-2024 | 103rd General Assembly
Bill Title: 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.
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: (Introduced) 2023-03-10 - Rule 19(a) / Re-referred to Rules Committee [HB2221 Detail]
Text: Latest bill text (Introduced) [HTML]
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: (Introduced) 2023-03-10 - Rule 19(a) / Re-referred to Rules Committee [HB2221 Detail]
Text: Latest bill text (Introduced) [HTML]
Sponsors
Name | Type | Sponsorship | District | Financial | Encyclopedia | Biography |
---|---|---|---|---|---|---|
Representative Mary Flowers [D] | Primary | Sponsored Bills | HD-031 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Martin McLaughlin [R] | Cosponsor | Sponsored Bills | HD-052 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Sonya Harper [D] | Cosponsor | Sponsored Bills | HD-006 | FollowTheMoney | Ballotpedia | VoteSmart |