HR 169
Prevent Family Fire Act of 2025
Summary
Prevent Family Fire Act of 2025 This bill establishes a new business tax credit on the sale of a safe firearm storage device on or before December 31, 2032. The amount of the tax credit is 10% of the retail sales price (up to a maximum price of $400 and excluding separately stated sales tax) of a safe firearm storage device. The tax credit is allowed only on the first retail sale of a safe firearm storage device for a use other than resale or long-term lease. The bill defines safe firearm storage device as a device that is (1) designed and marketed to deny unauthorized access to a firearm or ammunition or render such items inoperable; and (2) is secured by a combination lock, key lock, or lock based on biometric information.
Bill status
- Status
- In committee
- Sponsor
- Rep. Mike Levin [D-CA-49]
- Cosponsors
- 10
- Policy area
- Taxation
- Introduced
- 2025-01-03
- Latest action
- 2025-01-03: Referred to the House Committee on Ways and Means.
Committee referrals
Recent actions
- 2025-01-03: Referred to the House Committee on Ways and Means.
- 2025-01-03: Introduced in House
- 2025-01-03: Introduced in House