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2023 SESSION

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HB 2387 Income tax, state; firearm safety device tax credit.

Introduced by: Alfonso H. Lopez | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Firearm safety device tax credit. Establishes a nonrefundable income tax credit for taxable years 2023 through 2027 for individuals who purchase one or more firearm safety devices, as defined in the bill, in an eligible transaction, as defined in the bill. An individual who properly claims this credit shall be allowed a credit in the amount of up to $300 for the cost incurred in such purchase. The aggregate amount of credits allowable under the provisions of the bill shall not exceed $5 million per taxable year.


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