I 

116TH CONGRESS 

1ST SESSION H. R. 4926 

To amend the Internal Revenue Code of 1986 to allow for a credit against 

tax for sales at retail of safe firearm storage devices. 

IN THE HOUSE OF REPRESENTATIVES 

OCTOBER 30, 2019 

Mr. LEVIN of California (for himself, Mr. RODNEY DAVIS of Illinois, Mr. 

BRENDAN F. BOYLE of Pennsylvania, Ms. STEFANIK, Ms. SCHRIER, and 

Mr. TURNER) introduced the following bill; which was referred to the 

Committee on Ways and Means 

A BILL 

To amend the Internal Revenue Code of 1986 to allow for 

a credit against tax for sales at retail of safe firearm 

storage devices. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Prevent Family Fire 

5 Act of 2019’’. 

6 SEC. 2. SAFE FIREARM STORAGE CREDIT. 

7 (a) IN GENERAL.—Subpart D of part IV of sub8 chapter A of chapter 1 of the Internal Revenue Code of 


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1 1986 is amended by adding at the end the following new 

2 section: 

3 ‘‘SEC. 45T. SAFE FIREARM STORAGE CREDIT. 

4 ‘‘(a) ALLOWANCE OF CREDIT.—For purposes of sec5 tion 38, the safe firearm storage credit determined under 

6 this section for the taxable year is an amount equal to 

7 10 percent of amounts received from the first retail sale 

8 of a safe firearm storage device for use within the United 

9 States. 

10 ‘‘(b) LIMITATION.— 

11 ‘‘(1) IN GENERAL.—The amount taken into ac12 count under subsection (a) with respect to a safe 

13 firearm storage device shall not exceed $400. 

14 ‘‘(2) VALUE.—If, in connection with a sale of a 

15 safe firearm storage device, the transferee receives 

16 other property, the amount taken into account under 

17 subsection (a) shall be limited to the amount re18 ceived solely with respect to the safe firearm storage 

19 device, which shall be determined based on the value 

20 of the safe firearm storage device relative to the 

21 value of such other property. 

22 ‘‘(c) SAFE FIREARM STORAGE DEVICE.—For pur23 poses of this section— 

24 ‘‘(1) IN GENERAL.—The term ‘safe firearm 

25 storage device’ means a device that is— 


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1 ‘‘(A) designed and marketed for the prin2 cipal purpose of denying unauthorized access to, 

3 or rendering inoperable, a firearm or ammuni4 tion, and 

5 ‘‘(B) secured by a combination lock, key 

6 lock, or lock based on biometric information 

7 which, once locked, is incapable of being opened 

8 without the combination, key, or biometric in9 formation, respectively. 

10 ‘‘(2) EXCLUSION.—The term ‘safe firearm stor11 age device’ does not include— 

12 ‘‘(A) any device which is incorporated to 

13 any extent into the design of a firearm or of 

14 ammunition, or 

15 ‘‘(B) any device that, as of the day of the 

16 sale described in subsection (a), has been sub17 ject to a mandatory recall by the Consumer 

18 Product Safety Commission. 

19 ‘‘(3) FIREARM; AMMUNITION.—The terms ‘fire20 arm’ and ‘ammunition’ have the meanings given 

21 such terms in section 921 of title 18, United States 

22 Code (without regard to all that follows ‘firearm si23 lencer’ in paragraph (3) of such section). 

24 ‘‘(d) TERMINATION.—This section shall not apply to 

25 sales after December 31, 2026.’’. 


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1 (b) CREDIT MADE PART OF GENERAL BUSINESS

2 CREDIT.—Subsection (b) of section 38 of the Internal 

3 Revenue Code of 1986 is amended by striking ‘‘plus’’ at 

4 the end of paragraph (31), by striking the period at the 

5 end of paragraph (32) and inserting ‘‘, plus’’, and by add6 ing at the end the following new paragraph: 

7 ‘‘(33) the safe firearm storage credit deter8 mined under section 45T.’’. 

9 (c) CLERICAL AMENDMENT.—The table of sections 

10 for subpart D of part IV of subchapter A of chapter 1 

11 of such Code is amended by adding at the end the fol12 lowing new item: 

‘‘Sec. 45T. Safe firearm storage credit.’’. 

13 (d) REPORT.—The Secretary of the Treasury shall 

14 make publicly available an annual report of the credits 

15 against tax allowed by reason of section 45T, 

16 disaggregated by State. 

17 (e) EFFECTIVE DATE.—The amendments made by 

18 this section shall apply to taxable years beginning after 

19 the date of the enactment of this Act. 

Æ 


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