IL HB2193

Creates an income tax credit for taxpayers who pay for soundproofing materials, labor, and professional services to reduce aircraft noise at residential homes located near O'Hare International Airport, effective for taxable years ending on or after December 31, 2019.

Credit amount equals the full cost paid during the taxable year for acoustical materials, other materials, labor, and professional services, provided the work complies with the Illinois Residential Building Code Act.

Defines "eligible address" as property within the 65 DNL Build-out Contour for O'Hare, within an alternative 65 CNEL Build-out Contour for O'Hare, or within 20 miles east/west and 3 miles north/south of an east-west aligned runway at O'Hare.

Credit cannot reduce tax liability below zero, but excess credits may be carried forward and applied to tax liability for the following 5 taxable years, with earlier credits applied first.

Credit is exempt from automatic sunset provisions under Section 250 of the Illinois Income Tax Act.