IL SB3956 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on May 21 2024 - 25% progression
Action: 2024-05-21 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on May 21 2024 - 25% progression
Action: 2024-05-21 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that subject to appropriation, the Department of Commerce and Economic Opportunity shall administer a program to award use and occupation tax rebates to consumers who purchase firearm safety devices on or after January 1, 2025. Provides that the amount of the rebate shall be equal to the taxes paid by the consumer under the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act with respect to the purchase of a firearm safety device, but not to exceed $300 for any firearm safety device. Provides that participants shall apply to the Department in the form and manner prescribed by the Department by rule. Amends the State Finance Act. Creates the Firearm Safety Rebate Fund in the State treasury. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act to make conforming changes.
Title
FIREARM SAFETY REBATE FUND
Sponsors
History
Date | Chamber | Action |
---|---|---|
2024-05-21 | Senate | Referred to Assignments |
2024-05-21 | Senate | First Reading |
2024-05-21 | Senate | Filed with Secretary by Sen. Laura Ellman |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
20 | 605 | 605-1115 | New Code | See Bill Text |
30 | 105 | 5.1015 | New Code | See Bill Text |
35 | 105 | 9 | Amended Code | Citation Text |
35 | 110 | 9 | Amended Code | Citation Text |
35 | 115 | 9 | Amended Code | Citation Text |
35 | 120 | 3 | Amended Code | Citation Text |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3956&GAID=17&DocTypeID=SB&SessionID=112&GA=103 |
Text | https://www.ilga.gov/legislation/103/SB/10300SB3956.htm |