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
END OF INQUIRY
Full Text Bill Summary