H.R. 169
Prevent Family Fire Act of 2025
In Plain Language
This bill creates a tax credit for businesses that sell firearm storage devices through the end of 2032. The credit equals 10% of the sale price, up to a maximum of $400 per device sold. The tax credit only applies to the first sale of new storage devices that are locked with a combination, key, or fingerprint lock and designed to prevent unauthorized access to guns or ammunition.
Official Congressional Research Service summary
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.
Sponsor
Cosponsors
Latest action
Referred to the House Committee on Ways and Means.
Jan 3, 2025
Official source
Action history
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