INC TX-FIRE SPRINKLERS House SponsorsRep. Michael J. Kelly-Martin McLaughlin 3/21/2025HouseRule 19(a) / Re-referred to Rules Committee 35 ILCS 5/246 new 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. 2/4/2025HouseFiled with the Clerk by Rep. Michael J. Kelly 2/5/2025HouseAdded Chief Co-Sponsor Rep. Martin McLaughlin 2/6/2025HouseFirst Reading 2/6/2025HouseReferred to Rules Committee 3/4/2025HouseAssigned to Revenue & Finance Committee 3/6/2025HouseTo Tax Policy: Income Tax Subcommittee 3/21/2025HouseRule 19(a) / Re-referred to Rules Committee