House Sponsors: POE-FOWLER-MITCHELL,BILL, FORBY, BLACK AND MAUTINO. Short description: TAXES-DEDUCT-EXEMPT GUN SAFES Synopsis of Bill as introduced: Amends the Illinois Income Tax Act. Provides that, for taxable years beginning on or after January 1, 2002 and ending on or before December 31, 2005, each taxpayer is entitled to an income tax credit in an amount equal 25% of the amount expended in the taxable year for the purchase of reinforced steel gun safes used to store firearms or ammunition, up to a maximum credit of $250 in a taxable year. Amends the Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, and Retailers' Occupation Tax Act. Beginning January 1, 2002 and through December 31, 2005, exempts from taxation any reinforced steel gun safe used to store firearms or ammunition. Effective January 1, 2002. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status