Bill > HB936

This bill creates a new tax credit program for Missouri taxpayers who purchase gun safety items, specifically firearm safes and firearm safety devices. The tax credit allows individuals to claim up to $500 per year for purchases of approved firearm safes (including vehicle safes) or safety devices like trigger locks, which must be purchased from ordinary retailers. The credit can be used to offset state income tax liability, but cannot exceed the taxpayer's actual tax owed. The program is limited to a total of $500,000 in credits per calendar year, with credits allocated on a first-come, first-served basis. Credits cannot be carried forward to subsequent tax years, transferred, or sold. The departments of public safety and revenue will jointly establish rules for approving qualifying safety items and create application procedures. The tax credit program will automatically sunset (expire) six years after its effective date unless reauthorized by the legislature, with a potential additional six-year extension if reauthorized. The bill is designed to incentivize responsible gun ownership by making gun safety equipment more affordable through a tax credit mechanism.

https://house.mo.gov/Bill.aspx?bill=HB936&year=2025&code=R