Bill > HB211

This bill modifies the definition of an "eligible transaction" for the firearm safety device purchase tax credit in Louisiana. Currently, the law requires the firearm safety device to be purchased from a federally licensed dealer, but the bill changes this requirement to instead specify that the transaction must involve a dealer who is required to collect sales and use tax on the sale of the firearm safety device. This change essentially broadens the pool of dealers from whom a taxpayer can purchase a firearm safety device and still qualify for the tax credit. The bill clarifies that the purchase of a firearm itself does not qualify for the tax credit. The modifications will apply to taxable periods beginning on or after January 1, 2025, and the bill will become effective upon the governor's signature or after the legal time for bill approval expires.