§ 132.05 THEFT.
   A person commits theft when he or she knowingly:
   (A)   Obtains or exerts unauthorized control over property of the owner; or
   (B)   Obtains by deception, control over property of the owner; or
   (C)   Obtains by threat, control over property of the owner; or
   (D)   Obtains control over stolen property knowing the property to have been stolen or under such circumstances as would reasonably induce him or her to believe that the property was stolen, or
   (E)   Obtains or exerts control over property in the custody of any law enforcement agency which is explicitly represented to him by any law enforcement officer or any individual acting in behalf of a law enforcement agency as being stolen, and
      (1)   Intends to deprive the owner permanently of the use or benefit of the property; or
      (2)   Knowingly uses, conceals, or abandons the property in such manner as to deprive the owner permanently of such use or benefits; or
      (3)   Uses, conceals, or abandons the property knowing such use, concealment, or abandonment probably will deprive the owner permanently of such use or benefit.
(ILCS Ch. 720, Act 5 § 16-1) Penalty, see § 130.99
Statutory reference:
   Theft of firearms, property from the person, or property over $300, see ILCS Ch. 720, Act 5 § 16-1