HR 2770
Prevent Family Fire Act of 2023
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- Passed House
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Bill overview
The Prevent Family Fire Act of 2023 creates a tax credit for individuals who purchase safe firearm storage devices. This credit is equal to 10% of the first retail sale price of a qualifying device, up to a maximum of $400 per device. The bill defines a ‘safe firearm storage device’ as a lock or combination lock designed to prevent unauthorized access to firearms, and it includes provisions for recapturing credits if they are improperly claimed and for reporting credit usage by state.
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