Amendment H-1168 to HF 924

Filed March 24, 2025 in the House by

What it changes

1. Page 1, before line 1 by inserting: “DIVISION I INCOME TAX CREDIT FOR FIREARM SAFETY DEVICES Section
2. NEW SECTION . 422.10C Firearm safety device tax credit.
3. The taxes imposed under this subchapter, less the credits allowed under section 422.12, shall be reduced by a firearm safety device tax credit equal to the sales price of a firearm safety device purchased during the tax year by the taxpayer, not to exceed five hundred dollars.
4. For purposes of this section: a. “Firearm safety device” means a device designed to prevent a firearm from being operated without first deactivating the device or a qualified gun safe. b. “Qualified gun safe” means a safe specifically manufactured to store firearms and constructed of steel or a material of equal or greater strength, which safe is purchased new by the taxpayer from a firearms dealer licensed under federal law, or a retailer as defined in section 423.1, and which safe is purchased for the personal, noncommercial use of the taxpayer. c. “Sales price” means the same as defined in section 423.1.
5. Any credit in excess of the taxpayer’s tax liability for the tax year is not refundable but may be credited to the tax liability for the following year. Sec. ___. APPLICABILITY. This division of this Act applies to firearm safety devices purchased on or after the effective date of this division of this Act. Sec. ___. RETROACTIVE APPLICABILITY. This division of this Act applies retroactively to January 1, 2025, for tax years beginning on or after that date. DIVISION ___ MINIMUM AGE REQUIREMENTS FOR ACQUIRING OR CARRYING WEAPONS”
6. Title page, line 1, after “relating to” by inserting “weapons by providing an individual tax credit for the purchase of firearm safety devices and adjusting”
7. Title page, line 2, by striking “weapons” and inserting “weapons, and including retroactive and other applicability provisions”
8. By renumbering as necessary.

Official amendment (PDF) · In the Bill Book