92nd General Assembly
Summary of HB5640
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House Sponsors:

Short description: 
INC TAX CREDIT-FIREARM SAFETY                                              

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax Act. For taxable  years  beginning      
   on or after January 1, 2003 and ending on or before December 31, 2006,      
   provides for an income tax credit for all amounts spent in the taxable      
   year  for  the  purchase of firearm safety equipment for personal use.      
   Requires the Illinois  Department  of  State  Police  to  adopt  rules      
   concerning  what  equipment  qualifies  as  firearm  safety equipment.      
   Provides that any excess credit may be carried forward for  5  taxable      
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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