HB1027 Summary

• Amends Section 24-3 of the Criminal Code of 2012 regarding unlawful sale or delivery of firearms.

• Adds a new exemption to the mandatory waiting period for firearm delivery, allowing the transfer of an operable firearm in exchange for another operable firearm without the standard 72-hour or 24-hour waiting period.

• Defines "another operable firearm" as any operable handgun exchanged for any operable handgun, or any operable long gun exchanged for any operable long gun.

• Clarifies that "application" means when a buyer and seller reach an agreement to purchase a firearm.

• Takes effect immediately upon becoming law.