IL HB3249

Creates an income tax credit for taxpayers who pay for soundproofing materials, labor, and professional services at residential homes located in eligible areas near O'Hare International Airport.

Eligible addresses include properties within the 65 DNL Build-out Contour for O'Hare, alternative 65 CNEL Build-out Contour, or within 20 miles east/west and 3 miles north/south of an east-west aligned runway at O'Hare.

Soundproofing work must comply with Illinois Residential Building Code Act requirements to qualify for the credit.

Credits cannot reduce tax liability below zero but may be carried forward for up to 5 years, with earlier credits applied first.

Tax credit is exempt from automatic sunset provisions and applies to taxable years ending on or after December 31, 2017.