Bill Sponsors: IL SB1683 | 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: Bipartisan Bill
Status: (Failed) 2025-01-07 - Session Sine Die [SB1683 Detail]
Text: Latest bill text (Introduced) [HTML]
Spectrum: Bipartisan Bill
Status: (Failed) 2025-01-07 - Session Sine Die [SB1683 Detail]
Text: Latest bill text (Introduced) [HTML]
Sponsors
Name | Type | Contact | Phone | District | Sponsorship | State Profile | Financial | Encyclopedia | Biography |
---|---|---|---|---|---|---|---|---|---|
Senator Robert Martwick [D] | Primary | N/A | 217-782-1035 | SD-010 | Sponsored Bills | State Profile | FollowTheMoney | Ballotpedia | VoteSmart |
Senator Sally Turner [R] | Cosponsor | N/A | 217-782-6216 | SD-044 | Sponsored Bills | State Profile | FollowTheMoney | Ballotpedia | VoteSmart |