Bill > HB1536

This bill creates the Oklahoma Gun Safety Incentive Act, which aims to promote responsible gun ownership by offering a tax credit to individuals who purchase gun safety equipment. Starting January 1, 2026, taxpayers can receive a tax credit equal to 25% of the cost of qualified expenses like gun safes, trigger locks, and smart gun technology, with a maximum credit of $200 per tax year. Qualified expenses must meet state and national safety standards and cannot include items purchased for law enforcement or military purposes. To claim the credit, taxpayers must submit proof of purchase with their state income tax return, and the total credits are capped at $1 million annually. The bill also mandates the creation of a statewide "Lock & Protect, Oklahoma!" initiative to promote safe firearm storage, including educational workshops in collaboration with hunting organizations, shooting ranges, and firearms retailers. The Oklahoma Tax Commission and Oklahoma Department of Public Safety are required to prepare and submit reports on the tax credit's implementation and impact by February 1, 2027, to key state officials. The primary goal of the bill is to encourage safer gun ownership by providing financial incentives for purchasing safety equipment and raising awareness about responsible firearm storage.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb1536&Session=2600