Firearms Owners Against Crime

Institute for Legal, Legislative and Educational Action

Proposed Federal House Legislation HB4926

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This legislation would institute a tax credit for the retail sales of certain firearm storage devices. This has the potential for building a firearm registry 'and' government oversight of firearm safety issues through the FTC.

Legislation Overview

Title: Prevent Family Fire Act of 2019

Subject: Taxation: Firearms and explosives: Government information and archives: Income tax credits: Retail and wholesale trades

Description: Allows a new business-related tax credit for 10% of the amount of the first retail sale of a safe firearm storage device. The amount upon which the credit is based may not exceed $400. A "safe firearm storage device" is a device that (1) is designed and marketed to deny unauthorized access to, or rendering inoperable, a firearm or ammunition; and (2) is secured by a combination lock, key lock, or lock based on biometric information. This credit terminates after December 31, 2026.

Session: 116th Congress

Last Action: Sponsor introductory remarks on measure. (CR H8707)

Last Action Date: October 31, 2019

Link: https://www.congress.gov/bill/116th-congress/house-bill/4926/all-info

Sponsors

Note: the first sponsor listed is normally the primary sponsor. If a sponsor's name is a hyperlink you can click on it to 'follow the money'.

26 sponsors: Mike Levin (D); Rodney Davis (R); Brendan Boyle (D); Elise Stefanik (R); Kim Schrier (D); Michael Turner (R); Don Beyer (D); Anthony Gonzalez (R); Brian Fitzpatrick (R); Susan Wild (D); David Joyce (R); Jerry McNerney (D); Pete Stauber (R); David McKinley (R); Don Bacon (R); Katie Porter (D); Christopher Smith (R); Daniel Kildee (D); Rebecca Sherrill (D); Vicente Gonzalez (D); Suzanne Lee (D); Gil Cisneros (D); Angela Craig (D); Debbie Wasserman Schultz (D); Joyce Beatty (D); C.A. Ruppersberger (D)

History
Chamber Date Action
House Oct 31 2019 Sponsor introductory remarks on measure. (CR H8707)
House Oct 30 2019 Introduced in House
House Oct 30 2019 Referred to the House Committee on Ways and Means.
Texts
Type Date Federal Link Text
Introduced Nov 6 2019 federal bill text bill text
Amendments
Title Description Date State Link Text Adopted
There are no amendments to this bill at this time
Committee

Chamber:

Committee Name:

Votes

There have not been any votes on this bill

Tag(s)

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