summary
Introduced
09/29/2022
09/29/2022
In Committee
09/29/2022
09/29/2022
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to allow for a credit against tax for sales at retail of safe firearm storage devices.
AI Summary
This bill, the Prevent Family Fire Act of 2022, proposes to amend the Internal Revenue Code to allow for a tax credit of up to 10% (not exceeding $400) on the retail sale of safe firearm storage devices. These devices must be designed and marketed primarily to deny unauthorized access or render a firearm inoperable, and be secured by a combination, key, or biometric lock. The credit is available for sales through 2030, and the Treasury Department is required to publish annual reports on the credits claimed by state. The goal of the bill is to incentivize the use of secure firearm storage devices to help prevent accidental or unauthorized access, particularly in homes with children.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Referred to the House Committee on Ways and Means. (on 09/29/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/9060/all-info |
| BillText | https://www.congress.gov/117/bills/hr9060/BILLS-117hr9060ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr9060/BILLS-117hr9060ih.pdf.pdf |
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