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Tax Credit for Gun Safes: Safety and Savings

This act introduces a new tax credit allowing individuals to recover a portion of the money spent on gun safes. The goal is to encourage safe firearm storage, potentially enhancing safety in homes and communities. Through this credit, citizens can reduce their tax burden while contributing to a safer environment.
Key points
You can get a credit for up to 90% of the cost of a gun safe, with a maximum of $500 ($1,000 for joint filers).
The credit applies to devices designed to prevent unauthorized access to firearms or ammunition.
You are not required to provide information about firearms you own to claim the credit.
These changes apply to tax years beginning after December 31, 2022.
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Additional Information
Print number: 117_HR_8871
Sponsor: Rep. Williams, Nikema [D-GA-5]
Process start date: 2022-09-15
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

SAFES Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_8871.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-09-15.

What are the main provisions?

Key points include:

  • You can get a credit for up to 90% of the cost of a gun safe, with a maximum of $500 ($1,000 for joint filers).
  • The credit applies to devices designed to prevent unauthorized access to firearms or ammunition.
  • You are not required to provide information about firearms you own to claim the credit.
  • These changes apply to tax years beginning after December 31, 2022.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Williams, Nikema [D-GA-5].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes Security