HR 169 · 119th CongressIn Committeecongress.gov ↗
Road to The Floor
How it worksIntroduced
In Committee
On The Floor
Passed a Chamber
Passed Congress
To President
Became Law
What this bill does
AI plain-language summaryThis 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.
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