IL HB2710

Creates an Illinois income tax credit equal to 50% of the cost of installing an NFPA 13D residential fire sprinkler system in new or existing one-family and two-family homes, capped at $10,000 per taxpayer per year

Requires installation by a licensed fire sprinkler contractor under the Fire Sprinkler Contractor Licensing Act, with taxpayers submitting invoices showing water main tap fees, piping costs, and installation/testing fees

Limits program to 2,000 credit awards per year or $8,000,000 in total credits annually, whichever is less

Applies to taxable years ending on or after December 31, 2027, and the credit cannot reduce tax liability below zero

Exempts the credit from the Act's automatic sunset provisions, making it permanent