HB 247 - Establishes a $500 Tax Credit for Individuals to Purchase Firearm Safety Devices - Louisiana Key Vote

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Title: Establishes a $500 Tax Credit for Individuals to Purchase Firearm Safety Devices

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Title: Establishes a $500 Tax Credit for Individuals to Purchase Firearm Safety Devices

Vote Smart's Synopsis:

Vote to pass a bill that establishes a $500 tax credit for individuals to purchase firearm safety devices.

Highlights:

  • Establishes a $500 nonrefundable tax credit for individuals to purchase firearm safety devices (Sec. 1).

  • Defines “firearm safety device” as 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 is designed to be unlocked only be means of a key, combination, or other similar means (Sec. 1).

  • Specifies that the provisions of this bill shall take effect January 1, 2023 (Sec. 2).

Title: Establishes a $500 Tax Credit for Individuals to Purchase Firearm Safety Devices

Title: Establishes a $500 Tax Credit for Individuals to Purchase Firearm Safety Devices

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