What is the official ID of this bill?
The official print number for this legislation is HR 52.
Safe Firearm Storage: Sales Requirements and Tax Credit
This Act requires licensed manufacturers and importers to include a written safe storage notice with firearms. It also expands the requirement for safe storage devices to include rifles and shotguns. Citizens benefit from a new tax credit covering 10% of the retail cost of purchasing safe storage devices, up to $400 per device. Additionally, the law establishes a grant program for states and tribes to distribute these devices.
Key points
Sales Requirements: The Act expands the existing requirement for safe storage devices to include rifles and shotguns (previously only handguns). This change takes effect 180 days after enactment.
Notices: Beginning January 1, 2025, manufacturers and importers must provide a written notice promoting safe storage with every handgun, rifle, or shotgun.
Tax Credit: A tax credit is established, allowing a 10% credit on the retail sale price of a safe firearm storage device, capped at $400 per device. This section does not apply to sales after December 31, 2030.
Grants: $10 million annually is authorized (fiscal years 2023–2033) for grants to states and tribes to create programs for distributing safe firearm storage devices.
Best Practices: The Attorney General is required to establish and publish voluntary best practices regarding safe firearm storage.
Status:
Expired
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