HB2879 Summary

• Creates an income tax credit up to $8,000 for taxpayers who purchase acoustical materials, other materials, labor, and professional services to soundproof residential homes against aircraft noise.

• Applies to residential homes located at eligible addresses near O'Hare International Airport, including properties within the 65 DNL Build-out Contour, alternative 65 CNEL Build-out Contour, or within specified distances (20 miles east/west, 3 miles north/south) of east-west aligned runways.

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

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

• Effective for taxable years ending on or after December 31, 2019, and is exempt from automatic sunset provisions.