Bill > HB2

This bill establishes a tax credit for Georgia taxpayers who purchase firearm safe storage devices, allowing individuals to claim a credit of up to $300 for eligible expenses incurred when buying gun safes, trigger locks, chamber locks, or cable locks from a federally licensed dealer. The tax credit is subject to an annual aggregate limit of $5 million, and taxpayers must apply for preapproval from the state department, which will process applications on a first-come, first-served basis. To qualify, individuals must maintain receipts for their safe storage device purchases for three years and can only claim a lifetime maximum of $300 in credits. The tax credit cannot exceed the taxpayer's income tax liability for the year and cannot be carried forward to future tax years. The bill defines specific terms such as "firearm" and "firearm safe storage device" and includes provisions for how the department will manage applications and track credits. The tax credit program will be in effect from January 1, 2026, through December 31, 2030, after which it will automatically expire, with the goal of incentivizing responsible firearm storage among Georgia residents.

Budget and Finance

https://www.legis.ga.gov/legislation/69282