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<xml>
<title>Illinois General Assembly - Bill Status for HB 3881   </title>
<shortdesc>INCOME TAX-SPRINKLER DEDUCT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Timothy L. Schmitz-Patricia R. Bellock-Maria Antonia Berrios-Linda Chapa LaVia-Jack D. Franks</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/203</reference><aliasreference>from Ch. 120, par. 2-203</aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Provides for a deduction beginning with taxable years ending on or after December 31, 2004, of an amount equal to the actual cost to the taxpayer to retrofit a building owned by the taxpayer with a fire sprinkler system. Provides that to qualify for this deduction, the building must be in existence on the effective date of this amendatory Act and the fire sprinkler system must be installed by personnel who are licensed in accordance with the Fire Sprinkler Contractor Licensing Act.</SynopsisText></synopsis>
<actions>
<statusdate>11/3/2003</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Timothy L. Schmitz</action>
<statusdate>11/4/2003</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>11/4/2003</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>12/29/2003</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Patricia R. Bellock</action>
<statusdate>2/19/2004</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Maria Antonia Berrios</action>
<statusdate>2/19/2004</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Linda Chapa LaVia</action>
<statusdate>2/19/2004</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Jack D. Franks</action>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

