Expands the tax credit for purchasing firearm safety devices (including gun safes and locks) by broadening the definition of eligible sellers from federally licensed dealers to any registered commercial retailer, making the credit easier to claim and increasing incentives for safe firearm storage.
"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 § 58.1-613.
✓ Quote verified word for word in the bill text
Filed (completed)
Committee (completed)
Passed one chamber (completed)
Passed both (completed)
Governor (completed)
Law
Stage: Law · step 6 of 6
Last action
2025-03-21: Acts of Assembly Chapter text (CHAP0289)
Why the model tagged it this way: The bill expands an existing nonrefundable income tax credit (up to $300 per year through 2027, with a $5M annual cap) for buying firearm safety devices such as trigger locks or gun safes. It broadens eligibility by replacing the prior requirement of purchasing from a federally licensed dealer with any registered commercial retailer, while clarifying that the credit does not apply to firearm purchases themselves. This change incentivizes safe storage without imposing new mandates or restrictions on firearm access.
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
2025-02-05 09:00 · Hearing · Senate Finance and Appropriations Hearing Senate Room A, Room 305, General Assembly Building
2025-02-10 00:00 · Hearing · House Finance Committee Hearing House Committee Room B - 205
Votes
Date
Chamber
Motion
Yea-Nay
2025-01-21
H
Subcommittee recommends reporting with substitute (8-Y 0-N)
8-0
Passed
2025-01-22
H
Reported from Finance with substitute (22-Y 0-N)
22-0
Passed
2025-01-28
H
Read third time and passed House (97-Y 2-N)
97-2
Passed
2025-01-28
H
Passed House (99-Y 0-N)
99-0
Passed
2025-02-05
S
Reported from Finance and Appropriations (13-Y 0-N)
13-0
Passed
2025-02-06
S
Constitutional reading dispensed (on 2nd reading) (40-Y 0-N)