Expands the tax credit for purchases of firearm safety devices (including those designed to store firearms and be unlocked only by key or combination) by broadening the definition of eligible sellers from federally licensed dealers to any properly registered commercial retailer, so more taxpayers in
"Commercial retailer" means a business that sells goods or services to customers in a retail setting and is properly registered as a dealer pursuant to § 58.1-612.
✓ Quote verified word for word in the bill text
FirearmsotherAI label
↑Expands gun accessmodel confidence 70%
Broadens eligibility for the nonrefundable income-tax credit (up to $300 per year) for purchasing firearm safety devices by changing the seller definition from federally licensed firearms dealers to any registered commercial retailer, increasing the number of qualifying transactions.
An "eligible transaction" [deleted: shall] does not include the purchase of a firearm.
✓ Quote verified word for word in the bill text
Filed (completed)
Committee
Passed one chamber
Passed both
Governor
Law
Status: Died (session ended)
Last action
2025-01-22: Incorporated by Finance (HB2595-Singh) (Voice Vote)
Why the model tagged it this way: The bill amends an existing tax-credit program that incentivizes the purchase of firearm safety devices (including storage devices such as gun safes and lock boxes). It expands the class of sellers from whom a qualifying purchase may be made, thereby expanding access to the credit. The only substantive change is definitional; the credit itself, its amount, and its purpose are unchanged. No provisions address any other tracked topic.
Related bills
HB871Firearms; storage in residence where minor or person prohibited from possessing is present, penalty.↓Restricts gun access↓Restricts gun access Law
SB348Firearms; storage in residence where minor or person prohibited from possessing is present, penalty.↓Restricts gun access↓Restricts gun access Law
HB110Handguns in unattended motor vehicle; definitions, penalty.↓Restricts gun access↓Restricts gun access Law
SB496Handguns in unattended motor vehicle; definitions, penalty.↓Restricts gun access↓Restricts gun access Law
Hearings and calendar
2025-01-21 16:00 · Hearing · House Finance - Subcommittee #2 Committee Hearing House South Subcommittee Room - 210
2025-01-22 00:00 · Hearing · House Finance Committee Hearing House Committee Room B - 205
2025-02-10 00:00 · Hearing · House Finance Committee Hearing House Committee Room B - 205