IL SB2279

Creates the Responsibility in Firearm Legislation (RIFL) Act establishing a mandatory licensing program for firearms manufacturers operating in Illinois, administered by the Department of Financial and Professional Regulation, effective January 1, 2028

Sets total annual aggregate license fees at an amount equal to the estimated public health costs and financial burdens from firearm injuries and deaths in Illinois, capped at $866,000,000 in the first year with annual CPI adjustments thereafter, with individual manufacturer fees based on market share and firearms recovered at injury incidents

Imposes civil penalties of up to $1,000,000 per month for unlicensed manufacturers operating in the state and up to $10,000 per violation for retailers selling firearms from unlicensed manufacturers

Establishes the RIFL Fund and Financial Assistance Program to compensate firearm injury victims and their families for direct costs including medical care, mental health treatment, rehabilitation, lost wages, funeral expenses, and pain and suffering for up to 3 years (or lifetime for permanent disability)

Requires Illinois State Police to report manufacturer information on firearms recovered at injury incidents, and exempts compensation received through the program from state income taxes beginning January 1, 2028