Amends the Illinois Income Tax Act. Creates an income tax credit for the eligible purchase of a firearm safety device. Effective immediately.
House Committee Amendment No. 1: Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with changes. Provides that an eligible transaction also includes a transaction in which a taxpayer purchases one or more firearm safety devices from an Illinois-based retailer, regardless of whether that Illinois-based retailer is a federally-licensed firearm dealer. Effective immediately.

Statutes affected:
Introduced: 35 ILCS 5/246