IL SB1709

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 or two-family homes, with a maximum credit of $10,000 per taxpayer per year

Installation must be performed by a licensed fire sprinkler contractor under the Fire Sprinkler Contractor Licensing Act

Annual program caps limit credits to the lesser of 2,000 credit awards or $8,000,000 in total credits statewide per year

Credit applies to taxable years ending on or after December 31, 2027, and cannot reduce tax liability below zero

Credit is exempt from the Illinois Income Tax Act's automatic sunset provisions, making it permanent