Michael Kelly
- Democratic
- Representative
- District 15
Primary
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.
No votes to display
Added Chief Co-Sponsor Rep. Martin McLaughlin
Rule 19(a) / Re-referred to Rules Committee
To Revenue-Income Tax Subcommittee
Assigned to Revenue & Finance Committee
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Michael J. Kelly
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| Introduced | HTML PDF |
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