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2020 SESSION

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SB 268 Retail Sales and Use Tax; exemption for certain gun safes.

Introduced by: John J. Bell | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Sales tax exemption; gun safes. Establishes an exemption from retail sales tax for a gun safe with a selling price of $1,500 or less. The bill defines "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 of ammunition for use in a firearm. Under the bill, "gun safe" does not include a glass-faced cabinet. This bill is identical to HB 888.

SUMMARY AS PASSED SENATE:

Sales tax exemption; gun safes. Establishes an exemption from retail sales tax for a gun safe with a selling price of $1,000 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 of ammunition for use in a firearm. Under the bill, a gun safe does not include a glass-faced cabinet. The bill sunsets on July 1, 2025.

SUMMARY AS INTRODUCED:

Sales tax exemption; gun safes. Establishes an exemption from retail sales tax for a gun safe with a selling price of $1,000 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 of ammunition for use in a firearm. Under the bill, a gun safe does not include a glass-faced cabinet.