HOUSE 169119th CongressReferred to the Committee on Oversight and Government Reform, and in addition to the Committee on Natural Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Recognizing the Dominican community's presence and contributions to Washington Heights and Inwood.

Last Action: 2/27/2025

Actions

2025-01-03Referred to the House Committee on Ways and Means.
2025-01-03Introduced in House
2025-01-03Introduced in House

CRS Summary

As of 2025-01-03 (00)

Prevent Family Fire Act of 2025

This bill establishes a new business tax credit on the sale of a safe firearm storage device on or before December 31, 2032.

The amount of the tax credit is 10% of the retail sales price (up to a maximum price of $400 and excluding separately stated sales tax) of a safe firearm storage device. The tax credit is allowed only on the first retail sale of a safe firearm storage device for a use other than resale or long-term lease.

The bill defines safe firearm storage device as a device that is (1) designed and marketed to deny unauthorized access to a firearm or ammunition or render such items inoperable; and (2) is secured by a combination lock, key lock, or lock based on biometric information.

Cosponsors (10)

Michael Lawler (R-NY)
Brendan Boyle (D-PA)
Young Kim (R-CA)
Andrea Salinas (D-OR)
Brian Fitzpatrick (R-PA)
Kim Schrier (D-WA)
Thomas Kean (R-NJ)
Thomas Suozzi (D-NY)
Robert Bresnahan (R-PA)
Eleanor Norton (D-DC)

Subjects

Firearms and explosives
Government information and archives
Income tax credits
Retail and wholesale trades

Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.