Firearms Safety Act
Bill: S.788 | Sponsor: Sen. Marshall, Roger (R-KS)
Policy area: Taxation

Summary:
Firearms Safety Act
This bill allows an individual taxpayer a new refundable tax credit for the sum of amounts paid for any gun safe and for a concealed carry firearms course or firearm safety course. The bill prohibits any requirement to provide information on firearms owned by the taxpayer.

To amend the Internal Revenue Code of 1986 to establish a nonrefundable 
    tax credit for the purchase of gun safes and gun safety courses.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Firearms Safety Act''.

SEC. 2. NONREFUNDABLE TAX CREDIT FOR GUN SAFES AND GUN SAFETY COURSES.

    (a) In General.--Subpart A of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 is amended by inserting after 
section 25D the following new section:

``SEC. 25E. FIREARM SAFETY CREDIT.

    ``(a) Allowance of Credit.--In the case of an individual, there 
shall be allowed as a credit against the tax imposed by this chapter 
for the taxable year an amount equal to the sum of--
            ``(1) the amount paid by the taxpayer for any gun safe that 
        is placed into service by the taxpayer during the taxable year, 
        and
            ``(2) the amount paid by the taxpayer during the taxable 
        year for a concealed carry firearms course or a firearm safety 
        course which--
                    ``(A) is taught by a firearms instructor certified 
                by the State to teach such course, or
                    ``(B) satisfies the training requirement, if any, 
                for any license or permit related to a firearm 
                (including a hunting license) which is issued under the 
                authority of State law.
    ``(b) Limitations.--
            ``(1) In general.--The amount of the credit allowable to a 
        taxpayer under subsection (a) for any taxable year shall not 
        exceed--
                    ``(A) for purposes of the credit allowable under 
                paragraph (1) of such subsection, $100, and
                    ``(B) for purposes of the credit allowable under 
                paragraph (2) of such subsection, $100.
            ``(2) Gun safes.--No credit under subsection (a)(1) shall 
        be allowed to any taxpayer if a credit has been allowed under 
        such subsection to the taxpayer for any of the 10 preceding 
        taxable years.
    ``(c) Prohibition on Collection of Information Regarding 
Firearms.--No taxpayer shall be required, as a condition of the credit 
allowed under this section, to provide any information with respect to 
any firearms owned by the taxpayer.''.
    (b) Conforming Amendment.--The table of sections for subpart A of 
part IV of subchapter A of chapter 1 of the Internal Revenue Code of 
1986 is amended by inserting after the item relating to section 25D the 
following new item:

``Sec. 25E. Firearm safety credit.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after the date of enactment of this 
Act.
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