HB0316 Summary

• Amends the Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, and Retailers' Occupation Tax Act to impose a 1% tax rate on gun safes and locks designed to secure firearms beginning January 1, 2022.

• Reduces the standard tax rate of 6.25% to 1% specifically for sales of firearm safety storage devices.

• Applies uniformly across all four tax codes to ensure consistent treatment of gun safe and lock sales under state tax law.

• Takes effect immediately upon becoming law.