IL HB2965

Requires law enforcement to issue citations when they recover lost or stolen firearms, with penalties of $500 for a first offense and $1,000 for a second offense

Failure to pay the fine results in forfeiture of the firearm and revocation of the offender's Firearm Owner's Identification (FOID) Card and concealed carry license

After 3 lost or stolen firearms, courts must revoke the person's FOID Card and concealed carry license, requiring surrender of all firearms to local law enforcement

Citations apply regardless of whether the firearm owner previously reported the loss or theft within the required 72-hour reporting window

Mitigating circumstances, including timely filing of a lost or stolen firearm report, may be considered to reduce penalties