PROP TAX-FIRE SPRINKLER Senate SponsorsSen. Iris Y. Martinez 1/9/2007SenateSession Sine Die 35 ILCS 200/12-3035 ILCS 200/15-178 new720 ILCS 5/17A-1from Ch. 38, par. 17A-130 ILCS 805/8.29 newAmends the Property Tax Code. Creates a homestead improvement exemption for the installation and maintenance of a residential fire safety sprinkler system. Provides that homestead properties that (i) have been improved with a fire safety sprinkler system after January 1, 2005 or (ii) have been modified after January 1, 2005 under a safety compliance plan are entitled to a fire safety sprinkler homestead improvement exemption, limited to $2,500 or the actual cost of installation, whichever is less, for the year that the system is installed, and $100 each year thereafter that the system remains in place, when that property is owned and used exclusively for a residential purpose. Further amends the Property Tax Code and the Criminal Code of 1961 to add cross-references. Amends the State Mandates Act to require implementation without reimbursement from the State. Effective immediately. 2/15/2005SenateFiled with Secretary by Sen. Iris Y. Martinez 2/15/2005SenateFirst Reading 2/15/2005SenateReferred to Rules 2/17/2005SenateAssigned to Revenue 2/24/2005SenateTo Subcommittee 3/18/2005SenateRule 3-9(a) / Re-referred to Rules 1/9/2007SenateSession Sine Die