118th Congress · HOUSE BILLBILL

H.R. 2770 — Prevent Family Fire Act of 2023

“To amend the Internal Revenue Code of 1986 to allow for a credit against tax for sales at retail of safe firearm storage devices.”

Taxation

Introduced Apr 20, 2023

Last action Apr 20, 2023

Pipeline · Bill → Law

Step 1

Introduced

Apr 20, 2023

Step 2

Referred

Apr 20, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill allows through 2030 a new tax credit equal to 10% of amounts received from the first retail sale of a safe firearm storage device, not to exceed $400 per device. The bill defines safe firearm storage device as a device that is designed and marketed to deny unauthorized access to, or render inoperable, a firearm or ammunition, and is secured by a combination lock, key lock, or lock based on biometric information.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Apr 20, 2023

Introduced in House

Apr 20, 2023

Referred to the House Committee on Ways and Means.