HR 169 · 119th CongressIn Committeecongress.gov ↗

Prevent Family Fire Act of 2025

What this bill does

AI plain-language summary

This bill creates a tax credit for businesses that sell safe firearm storage devices through December 31, 2032. The tax credit equals 10% of the retail price, up to a maximum price of $400, not including sales tax. The credit only applies to the first retail sale of these devices when they are sold for actual use, not for resale or long-term lease. Safe firearm storage devices are defined as products designed to prevent unauthorized access to firearms or ammunition, or make them unusable, and must be secured with a combination lock, key lock, or biometric lock.

Introduced

January 3, 2025

Policy Area

Taxation

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