Allowing a record owner of a certain new dwelling to claim a credit against the State income tax in an amount equal to $1.25 for each square foot of the new dwelling if a certain automatic fire sprinkler system is installed in the new dwelling; requiring the State Fire Marshal to approve applications for the credit in a certain manner; limiting the total amount of credits that may be approved to $1,000,000 in any taxable year; applying the Act to taxable years beginning after December 31, 2018; etc.
Bill File Type: Regular
Effective Date(s): July 1, 2019
( 10-749 )
Last Updated: 2/3/2020 2:31 PM