Allowing a record owner of a specified new dwelling in a specified county 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 specified automatic fire sprinkler system is installed in the new dwelling; requiring the Office of the State Fire Marshal to approve applications for the credit; providing that the Office may not approve a credit in a taxable year beginning after December 31, 2018; limiting the total amount of credits to $1,000,000 in any taxable year; etc.
Bill File Type: Regular
Effective Date(s): July 1, 2016
( 10-737 )
Last Updated: 2/3/2020 2:30 PM