or the District of Columbia, whether the liability for 
such tax is imposed on the vendor or vendee. 
‘‘(2) FIRST RETAIL SALE.—The term ‘first re-
tail sale’ means the first sale, for a purpose other 
than for resale or leasing in a long-term lease, after 
production, manufacture, or importation. 
‘‘(3) SAFE FIREARM STORAGE DEVICE.— 
‘‘(A) IN GENERAL.—The term ‘safe fire-
arm storage device’ means a device that is— 
‘‘(i) designed and marketed for the 
principal purpose of denying unauthorized 
access to, or rendering inoperable, a fire-
arm or ammunition, and 
‘‘(ii) secured by a combination lock, 
key lock, or lock based on biometric infor-
mation which— 
‘‘(I) is integrated into the design 
of the device, and 
‘‘(II) once locked, is incapable of 
being opened without the combination, 
key, or biometric information, respec-
tively. 
‘‘(B) EXCLUSION.—The term ‘safe firearm 
storage device’ does not include— 
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‘‘(i) any device which is incorporated 
to any extent into the design of a firearm 
or of ammunition, or 
‘‘(ii) any device that, as of the date of 
the sale described in subsection (a), has 
been subject to a mandatory recall by the 
Consumer Product Safety Commission. 
‘‘(C) FIREARM; AMMUNITION.—The terms 
‘firearm’ and ‘ammunition’ have the meanings 
given such terms in section 921 of title 18, 
United States Code (without regard to all that 
follows ‘firearm silencer’ in paragraph (3) of 
such section). 
‘‘(d) RECAPTURE.— 
‘‘(1) IN
GENERAL.—The Secretary shall, by 
regulations, provide for recapturing the benefit of 
any credit allowable under subsection (a) if such 
credit is improperly or excessively claimed. 
‘‘(2) DOCUMENTATION.—The Secretary may re-
quire such information or registration as the Sec-
retary deems necessary for purposes of recapture 
under paragraph (1). 
‘‘(e) TERMINATION.—This section shall not apply to 
sales after December 31, 2030.’’. 
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(b) CREDIT MADE PART OF GENERAL BUSINESS 
CREDIT.—Subsection (b) of section 38 of the Internal 
Revenue Code of 1986 is amended by striking ‘‘plus’’ at 
the end of paragraph (40), by striking the period at the 
end of paragraph (41) and inserting ‘‘, plus’’, and by add-
ing at the end the following new paragraph: 
‘‘(42) the safe firearm storage credit deter-
mined under section 45BB(a).’’. 
(c) CREDIT
ALLOWED
AGAINST
AMT.—Section 
38(c)(4)(B) of such Code is amended by redesignating 
clauses (x) through (xii) as clauses (xi) through (xiii), re-
spectively, and by inserting after clause (ix) the following 
new clause: 
‘‘(x) the credit determined under sec-
tion 45BB,’’. 
(d) CLERICAL AMENDMENT.—The table of sections 
for subpart D of part IV of subchapter A of chapter 1 
of such Code is amended by adding at the end the fol-
lowing new item: 
‘‘Sec. 45BB. Safe firearm storage credit.’’. 
(e) REPORT.—The Secretary of the Treasury shall 
make publicly available an annual report of the credits 
against tax allowed by reason of section 45BB (as added 
by this section), disaggregated by State. 
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(f) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
the date of the enactment of this Act. 
Æ 
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