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Illinois General Assembly 5/21/2019

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#181 raymond963


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Posted 22 May 2019 - 01:33 PM

Questions about the $10 FFL transfer.  An FFL is a private business.  Can the state mandate how much a private business charges for its service?  What if the amount the state says the business must charge results in the business loosing money?  Can the state mandate a company loose money?  If a transfer results in a business loosing $10 per transaction because the state made them loose the $10 can the business come after the state to recoup its loses?



If the transfer fee was set at $50, that wouldn't affect the FFL as much as the buyer/seller and the outcome might be slightly fewer transfers. With the fee at $10, they might just be able to reduce the number of FFL's in the state (even more than with their licensing scheme). Which would they prefer, slightly fewer sales or fewer dealers.

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