Bill > HB2241

This bill creates a new income tax credit for Oklahoma taxpayers who purchase firearm safety devices, such as gun safes, gun cases, lock boxes, or other secure storage devices. The credit will be available for taxable years beginning on or after January 1, 2026, and will cover 50% of the qualified expense, up to a maximum of $1,000. Importantly, the bill specifies that the credit cannot reduce a taxpayer's income tax liability below zero, and any unused credit can be carried forward and applied to taxes in each of the five subsequent tax years. The legislation defines an "eligible transaction" as the purchase of qualifying firearm safety devices, explicitly excluding the purchase of firearms themselves, and limits the credit to natural persons (individual taxpayers). The goal appears to be encouraging responsible firearm storage by providing a financial incentive for purchasing safety equipment designed to prevent unauthorized access to firearms.

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb2241&Session=2600