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2017 SESSION
HB 2393 Income tax, state; tax credit for purchase of gun safe.
Introduced by: Benjamin L. Cline | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Income tax credit; purchase of gun safe. Establishes an individual income tax credit beginning January 1, 2017, for the purchase of a gun safe. The credit would equal 50 percent of the purchase price paid for any gun safe with a selling price of $500 or less. The bill defines a gun safe as a safe or vault that is (i) commercially available, (ii) secured with a digital or dial combination locking mechanism or biometric locking mechanism, and (iii) designed for the storage of a firearm or ammunition for use in a firearm. An individual may not claim more than $100 in tax credits for all taxable years. The Department would be authorized to issue up to $250,000 in tax credits each year. The credit would expire on January 1, 2022.
FULL TEXT
HISTORY
- 01/18/17 House: Presented and ordered printed 17104035D
- 01/18/17 House: Referred to Committee on Finance
- 01/24/17 House: Assigned Finance sub: Subcommittee #3
- 01/27/17 House: Subcommittee recommends striking from docket by voice vote
- 01/30/17 House: Stricken from docket by Finance by voice vote