Last progress January 3, 2025 (11 months ago)
Introduced on January 3, 2025 by Mike Levin
Referred to the House Committee on Ways and Means.
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.
Key points