Illinois General Assembly - Bill Status for SB1683

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 the credit is exempt from the Act's automatic sunset provisions. Effective immediately.

Actions

Date	Chamber	Action
2/8/2023	Senate	Filed with Secretary by Sen. Robert F. Martwick
2/8/2023	Senate	First Reading
2/8/2023	Senate	Referred to Assignments
2/21/2023	Senate	Assigned to Revenue
3/10/2023	Senate	Rule 3-9(a) / Re-referred to Assignments
3/22/2023	Senate	Added as Co-Sponsor Sen. Sally J. Turner

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