92nd General Assembly
Summary of HB0974
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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