Retailers would get a tax credit of up to $40 for each safe firearm storage device they sell.
This bill would create a new federal tax credit for businesses that sell safe firearm storage devices. Retailers could claim a credit equal to 10% of the sale price, with the sale price considered for the credit capped at $400 per device. This means the maximum credit a retailer could get for one device would be $40.
Today, there is no specific federal tax credit for businesses selling safe firearm storage devices. If this bill becomes law, retailers would get a tax credit. This credit would be 10% of the sale price. The sale price considered for the credit is capped at $400 per device. This means the most credit they could get is $40 for each eligible safe firearm storage device they sell. This would start for tax years after the bill becomes law and end after December 31, 2032.
HR 169 · 119th Congress · AI Summary by gemini-2.5-flash · 10/10
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16 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.