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
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status