Providing for an individual income tax credit for the purchase of firearm safety devices and including retroactive and other applicability provisions

Where it is now

1. ✓
   Done: IntroducedJanuary 27, 2025
2. ✓
   Done: SubcommitteeFebruary 20, 2025
3. ✓
   Done: House committeeApril 23, 2025
4. ✓
   Done: Passes the HouseMay 12, 202590–0
5. Next: Senate committeeFunnel: by March 20, 2026
6. Next: Passes the Senate
7. Next: To the Governor
8. Next: Signed into law

Became HF 1034 → Its progress continues under the new number. Go to HF 1034 What’s a funnel?

What’s in it

This bill creates an individual income tax credit for the purchase of firearm safety devices. “Firearm safety device” is defined to mean a device designed to prevent a firearm from being operated without first deactivating the device or a qualified gun safe.1, and which is purchased for the personal, noncommercial use of the taxpayer. The credit is equal to the sales price of the firearm safety device, not to exceed $500. Any credit in excess of the taxpayer’s liability is not refundable but may be credited to the tax liability for the following year.

From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text

House subcommittee

Named February 20, 2025. On February 26, 2025 it recommended passage.

• Rep. David E. Young REmail
• Rep. Eric J. Gjerde DEmail
• Rep. John H. Wills REmail

Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part

Fiscal note

The proposed individual income tax credit in HF 1034 is projected to decrease net individual income tax liability and State General Fund revenue by the following amounts: • FY 2026 = $0.9 million • FY 2027 = $1.2 million • FY 2028 = $1.3 million • FY 2029 = $1.4 million • FY 2030 = $1.4 million • FY 2031 = $1.5 million The decrease in tax liability is also projected to decrease the statewide local option income surtax for schools by the following amounts: • FY 2026 = $22,000 • FY 2027 = $31,000 • FY 2028 = $33,000 • FY 2029 = $35,000 • FY 2030 = $36,000 • FY 2031 = $37,000

• Firearm Safety Equipment, Tax Credit · April 28, 2025 · $1.5M

Nonpartisan cost estimates from the Legislative Services Agency’s Fiscal Services Division. The newest is first. Reading a fiscal note

Iowa Code it changes

Creates§422.10C

Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works

Family tree

Where this legislation came from and where it went: earlier tries, the versions it moved through this Assembly, and later bills built on it.

Earlier and later bills are matched by wording or an identical title; check the text to be sure it’s the same idea.