II 

117TH CONGRESS 

1ST SESSION S. 788 

To amend the Internal Revenue Code of 1986 to establish a nonrefundable 

tax credit for the purchase of gun safes and gun safety courses. 

IN THE SENATE OF THE UNITED STATES 

MARCH 17 (legislative day, MARCH 16), 2021 

Mr. MARSHALL (for himself, Mrs. HYDE-SMITH, and Mr. HAWLEY) introduced 

the following bill; which was read twice and referred to the Committee 

on Finance 

A BILL 

To amend the Internal Revenue Code of 1986 to establish 

a nonrefundable tax credit for the purchase of gun safes 

and gun safety courses. 

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 ‘‘Firearms Safety Act’’. 

5 SEC. 2. NONREFUNDABLE TAX CREDIT FOR GUN SAFES 

6 AND GUN SAFETY COURSES. 

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


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•S 788 IS

1 1986 is amended by inserting after section 25D the fol2 lowing new section: 

3 ‘‘SEC. 25E. FIREARM SAFETY CREDIT. 

4 ‘‘(a) ALLOWANCE OF CREDIT.—In the case of an in5 dividual, there shall be allowed as a credit against the tax 

6 imposed by this chapter for the taxable year an amount 

7 equal to the sum of— 

8 ‘‘(1) the amount paid by the taxpayer for any 

9 gun safe that is placed into service by the taxpayer 

10 during the taxable year, and 

11 ‘‘(2) the amount paid by the taxpayer during 

12 the taxable year for a concealed carry firearms 

13 course or a firearm safety course which— 

14 ‘‘(A) is taught by a firearms instructor 

15 certified by the State to teach such course, or 

16 ‘‘(B) satisfies the training requirement, if 

17 any, for any license or permit related to a fire18 arm (including a hunting license) which is 

19 issued under the authority of State law. 

20 ‘‘(b) LIMITATIONS.— 

21 ‘‘(1) IN GENERAL.—The amount of the credit 

22 allowable to a taxpayer under subsection (a) for any 

23 taxable year shall not exceed— 


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1 ‘‘(A) for purposes of the credit allowable 

2 under paragraph (1) of such subsection, $100, 

3 and 

4 ‘‘(B) for purposes of the credit allowable 

5 under paragraph (2) of such subsection, $100. 

6 ‘‘(2) GUN SAFES.—No credit under subsection 

7 (a)(1) shall be allowed to any taxpayer if a credit 

8 has been allowed under such subsection to the tax9 payer for any of the 10 preceding taxable years. 

10 ‘‘(c) PROHIBITION ON COLLECTION OF INFORMATION

11 REGARDING FIREARMS.—No taxpayer shall be required, 

12 as a condition of the credit allowed under this section, to 

13 provide any information with respect to any firearms 

14 owned by the taxpayer.’’. 

15 (b) CONFORMING AMENDMENT.—The table of sec16 tions for subpart A of part IV of subchapter A of chapter 

17 1 of the Internal Revenue Code of 1986 is amended by 

18 inserting after the item relating to section 25D the fol19 lowing new item: 

‘‘Sec. 25E. Firearm safety credit.’’. 

20 (c) EFFECTIVE DATE.—The amendments made by 

21 this section shall apply to taxable years beginning after 

22 the date of enactment of this Act. 

Æ 


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