I
107TH CONGRESS
1ST SESSION
H. R. 507
To amend the Internal Revenue Code of 1986 to provide for a nonrefundable
tax credit against income tax for individuals who purchase a residential
safe storage device for the safe storage of firearms.
IN THE HOUSE OF REPRESENTATIVES
FEBRUARY 7, 2001
Mr. HILLEARY (for himself, Mr. ETHERIDGE, Mr. NORWOOD, Mr. HALL of
Texas, Mrs. EMERSON, Mr. CRAMER, Mr. PAUL, Mr. ROSS, Mr. NEY, Mr.
GOODE, Mr. SCHAFFER, Mr. HUTCHINSON, and Mr. BISHOP) 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 provide
for a nonrefundable tax credit against income tax for
individuals who purchase a residential safe storage device
for the safe storage of firearms.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Child Safety and Home
Security Act of 2001’’.
SEC. 2. CREDIT FOR RESIDENTIAL SAFE STORAGE DEVICE
PURCHASES.
(a) IN GENERAL.—Subpart A of part IV of sub-
chapter A of chapter 1 of the Internal Revenue Code of
1986 (relating to nonrefundable personal credits) is
amended by inserting after section 25A the following new
section:
‘‘SEC. 25B. PURCHASE OF A RESIDENTIAL SAFE STORAGE
DEVICE.
‘‘(a) ALLOWANCE OF CREDIT.—In the case of an in-
dividual, there shall be allowed as a credit against the tax
imposed by this chapter an amount equal to 100 percent
of the amount paid by the taxpayer for the purchase or
purchases of a residential safe storage device that is put
into service by the taxpayer for the securing of firearms.
‘‘(b) LIMITATIONS.—
‘‘(1) MAXIMUM
CREDIT.—The credit allowed
under subsection (a) shall not exceed $1,500 for
each individual for a taxable year.
‘‘(2) CARRYFORWARD OF UNUSED CREDITS.—If
the credit allowable under subsection (a) for any tax-
able year exceeds the limitation imposed by section
26(a) for such taxable year reduced by the sum of
the credits allowable under this subpart (other than
this section and section 23), such excess shall be
carried to the succeeding taxable year and added to
the credit allowable under subsection (a) for such
taxable year. No credit may be carried forward
under this subsection to any taxable year following
the third taxable year after the taxable year in which
the purchase or purchases are made. For purposes
of the preceding sentence, credits shall be treated as
used on a first-in first-out basis.
‘‘(c) DEFINITION OF RESIDENTIAL SAFE STORAGE
DEVICE.—The term ‘residential safe storage device’
means a device or container not meant for display of fire-
arms which is specifically designed to store or safeguard
firearms from unauthorized access, and which must be un-
locked by means of a key, combination, or other similar
means.
‘‘(d) STATUTORY CONSTRUCTION; EVIDENCE.—
‘‘(1) STATUTORY CONSTRUCTION.—Nothing in
this section shall be construed—
‘‘(A) as creating a cause of action against
any firearms dealer or any other person for any
civil liability; or
‘‘(B) as establishing any standard of care.
‘‘(2) EVIDENCE.—Notwithstanding any other
provision of law, evidence regarding the use or non-
use by a taxpayer of the tax credit under this section
shall not be admissible as evidence in any proceeding
of any court, agency, board, or other entity for the
purposes of establishing liability based on a civil ac-
tion brought on any theory for harm caused by a
product or by negligence, or for purposes of drawing
an inference that the taxpayer owns a firearm.
‘‘(e) USE OF INFORMATION.—No database identi-
fying gun owners may be created using information from
tax returns on which the credit under this section is
claimed.’’.
(b) CLERICAL AMENDMENT.—The table of sections
for subpart A of part IV of subchapter A of chapter 1
of such Code is amended by inserting after the item relat-
ing to section 25A the following new item:
‘‘25B. Purchase of a residential safe storage device.’’.
SEC. 3. EFFECTIVE DATE.
The amendments made by this Act shall apply to tax-
able years beginning after December 31, 2001.
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