92nd General Assembly
Status of HB4223
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Summary

   New Act                                                                     

        Creates the Firearms Dealer Licensing Act.  Requires a person who      
   engages in the business of selling  or  transferring  firearms  to  be      
   licensed   by   the   Department   of   State   Police.    Establishes      
   qualifications  for  licenses. Provides that it is a Class 4 felony to      
   engage in the business of selling or transferring firearms  without  a      
   license.  Requires a licensed firearms dealer who sells or transfers a      
   firearm  to  a person who is not a licensed dealer to report that sale      
   or transfer to the Department of State Police.                              
          FISCAL NOTE (Illinois Courts Administrative Office)                  
          HB 4223 would have a minimal impact on the judicial branch.          
          JUDICIAL NOTE (Illinois Courts Administrative Office)                
          There may be a minimal increase in judicial workloads. However,      
          HB 4223 would not increase the number of judges needed in the        
          PENSION NOTE (Illinois Pension Laws Commission)                      
          Based on the December 31, 2000 valuation, HB 4233 would              
          increase the accrued liability of the Chicago Firefighter's          
          Fund by an estimated $93.4 million. The level dollar annual          
          payment needed to amortize the estimated increase in unfunded        
          liability over 40 years is $7.6 million. The estimated annual        
          increase in normal cost is $1.6 million, or 0.58% of payroll.        
          Therefore, the estimated annual increase in total annual cost        
          is $9.2 million, or 3.35% of payroll.                                
   JAN-30-2002  H  FILED WITH CLERK                                               
   JAN-30-2002  H  FIRST READING                                                  
   JAN-30-2002  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-14-2002  H                         FISCAL NOTE FILED                       
   FEB-14-2002  H                       JUDICIAL NOTE FILED                       
   FEB-14-2002  H                   COMMITTEE               RULES                 
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary