<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 2221         </title>
<shortdesc>INC TX-FIRE SPRINKLERS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Mary E. Flowers-Martin McLaughlin-Sonya M. Harper</sponsors>
</sponsor>
<lastaction>
<statusdate>1/7/2025</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/234 new</reference><aliasreference></aliasreference><SynopsisText>     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.</SynopsisText></synopsis>
<actions>
<statusdate>2/8/2023</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Mary E. Flowers</action>
<statusdate>2/8/2023</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/8/2023</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/21/2023</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>2/23/2023</statusdate><chamber>House</chamber><action>To Revenue-Income Tax Subcommittee</action>
<statusdate>2/28/2023</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Martin McLaughlin</action>
<statusdate>2/28/2023</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Sonya M. Harper</action>
<statusdate>3/10/2023</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/7/2025</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

