Bill Status of HB 3881   93rd General Assembly

Short Description:  INCOME TAX-SPRINKLER DEDUCT

House Sponsors
Rep. Timothy L. Schmitz-Patricia R. Bellock-Maria Antonia Berrios-Linda Chapa LaVia-Jack D. Franks

Last Action  View All Actions

DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/203from Ch. 120, par. 2-203

Synopsis As Introduced
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.

Actions 
DateChamber Action
  11/3/2003HouseFiled with the Clerk by Rep. Timothy L. Schmitz
  11/4/2003HouseFirst Reading
  11/4/2003HouseReferred to Rules Committee
  12/29/2003HouseAdded Chief Co-Sponsor Rep. Patricia R. Bellock
  2/19/2004HouseAdded Chief Co-Sponsor Rep. Maria Antonia Berrios
  2/19/2004HouseAdded Chief Co-Sponsor Rep. Linda Chapa LaVia
  2/19/2004HouseAdded Chief Co-Sponsor Rep. Jack D. Franks
  1/11/2005HouseSession Sine Die

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