Prevent Family Fire Act of 2025

Summary

Prevent Family Fire Act of 2025 This bill establishes a new business tax credit on the sale of a safe firearm storage device on or before December 31, 2032.  The amount of the tax credit is 10% of the retail sales price (up to a maximum price of $400 and excluding separately stated sales tax) of a safe firearm storage device. The tax credit is allowed only on the first retail sale of a safe firearm storage device for a use other than resale or long-term lease. The bill defines safe firearm storage device as a device that is (1) designed and marketed to deny unauthorized access to a firearm or ammunition or render such items inoperable; and (2) is secured by a combination lock, key lock, or lock based on biometric information.  

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2 official files

• Introduced in House

  Introduced in House · EN · 3 January 2025

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 3 January 2025

  Open at official source

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