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Introduced on January 3, 2025 by Mike Levin
This bill changes federal tax law to give businesses a new credit when they sell safe firearm storage devices at retail. The credit equals 10% of the item’s retail price (before sales tax), counted on a price up to $400, and it’s available through December 31, 2032. It only applies to the first retail sale, not to items resold or leased long-term. A qualifying device must block unauthorized access to a gun or ammunition, or make them inoperable, and use a key, combination, or biometric lock.
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