Bill Texts: IL SB3956 | 2023-2024 | 103rd General Assembly

Bill Title: 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.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-05-21 - Referred to Assignments [SB3956 Detail]

Bill Drafts

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Introduced2024-05-21HTML/TextLinkView

Amendments

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No bill amendments currently on file for Illinois SB3956

Supplemental Documents

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No supplemental documents for Illinois SB3956 currently on file.

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