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2017 SESSION

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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

• 01/18/17  House: Presented and ordered printed 17104035D  pdf | impact statement

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