90th General Assembly
Status of HB0419
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 Full Text  Bill Summary
ERWIN.

   New Act                                                                     

        Creates the Firearm Tax  Act.   Imposes  a  tax  on  all  persons      
   engaged  in  the business of selling firearms.  Establishes procedures      
   for collection of the tax and how the tax is to be distributed.             
          STATE DEBT IMPACT NOTE                                               
          HB 419 would have no impact on State debt.                           
          FISCAL NOTE (Dpt. of Revenue)                                        
          HB419 will generate approximately $5 million in tax revenues.        
          However, the additional tax may cause people not to purchase         
          firearms in Illinois, thus reducing potential additional tax         
          revenues from increased tax rates.                                   
   97-01-30  H  FIRST READING                                                  
   97-01-30  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   97-02-06  H       ASSIGNED TO COMMITTEE               JUD-CRIMINAL          
   97-03-10  H  STATE DEBT IMPACT NOTE FILED                                   
   97-03-10  H                   COMMITTEE               JUD-CRIMINAL          
   97-03-18  H                         FISCAL NOTE FILED                       
   97-03-18  H                   COMMITTEE               HJUB                  
   97-03-21  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   99-01-12  H  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary