Secure Firearms Act of 2013

Bill: 113-hr-1883
Sponsor: full_name: Rep. Carter, John R. [R-TX-31]
Introduced: 2013-05-08
Policy area: Taxation
Subjects: Firearms and explosives

Government information and archives

Income tax deductions
Latest action: action_date: 2013-06-14
text: Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.

Summaries:
action_date: 2013-05-08
action_desc: Introduced in House
text: <p>Secure Firearms Act of 2013 - Amends the Internal Revenue Code to allow individual taxpayers a deduction, up to $1,200 in any taxable year, for the cost of secure gun storage or safety devices for the securing of firearms. Defines &quot;secure gun storage or safety device&quot; as: (1) a device that, when installed on a firearm, is designed to prevent the firearm from being operated; or (2) a safe, gun safe, gun case, lock box, or other device used to store a firearm that can only be unlocked by a key, a combination, or other similar means. Terminates such deduction after 2014. </p> <p>Requires that an amount equal to all amounts allowed as a deduction by this Act be rescinded each year from the Department of Justice (DOJ) Assets Forfeiture Fund. </p>

tv_txt: I 113th CONGRESS 1st Session H. R. 1883 IN THE HOUSE OF REPRESENTATIVES May 8, 2013 Mr. Carter (for himself and Mr. Cuellar ) introduced the following bill; which was referred to the Committee on Ways and Means , and in addition to the Committee on the Judiciary , for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned A BILL To amend the Internal Revenue Code of 1986 to provide for a deduction for the purchase of secure gun storage or safety device for the securing of firearms.

1. Short title This Act may be cited as the Secure Firearms Act of 2013 . 2. Deduction for safe storage device for the securing of firearms (a) In general Part VII of subchapter B of chapter I of the Internal Revenue Code of 1986 (relating to additional itemized deductions for individuals) is amended by redesignating section 224 as section 225 and by inserting after section 223 the following new section: 224. Secure gun storage or safety device (a) In general In the case of an individual, there shall be allowed as a deduction for the taxable year an amount equal to the amount paid by the taxpayer for secure gun storage or safety devices that are placed into service by the taxpayer during the taxable year for the securing of firearms. (b) Limitation The amount allowed as a deduction under subsection (a) for any taxable year shall not exceed $1,200. (c) Secure gun storage or safety device For purposes of this section, the term secure gun storage or safety device means— (1) a device that, when installed on a firearm, is designed to prevent the firearm from being operated without first deactivating the device, or (2) a safe, gun safe, gun case, lock box, or other device that is designed to be or can be used to store a firearm and that is designed to be unlocked only by means of a key, a combination, or other similar means. (d) Use of information No database identifying gun owners may be created using information from tax returns on which the deduction under this section is claimed. (e) Termination This section shall not apply to any amount paid after December 31, 2014. . (b) Clerical amendment The table of sections for part VII of subchapter B of chapter 1 of such Code is amended by striking the item relating to section 224 and inserting the following: Sec. 224. Secure gun storage or safety device. Sec. 225. Cross reference. . (c) Effective Date The amendments made by this section shall apply to taxable years beginning after December 31, 2012. 3. Offset Section 524(c) of title 28, United States Code, is amended by adding at the end the following:. (12) In each fiscal year, an amount equal to the sum of all amounts allowed as a deduction under section 224 of Internal Revenue Code of 1986 in the prior taxable year shall be rescinded from the Fund from the amounts deposited in the Fund in that fiscal year. .