HR 169 119th Congress House Taxation Firearms and explosives Government information and archives Income tax credits Retail and wholesale trades

Prevent Family Fire Act of 2025

Introduced: January 3, 2025 Introduced by: Levin, Mike Democratic · California See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jan 3, 2025

Referred to the House Committee on Ways and Means.

Jan 3, 2025

Introduced in House

Plain-English summary Congressional Research Service

Prevent Family Fire Act of 2025

This bill establishes a new business tax credit on the sale of a safe firearm storage device on or before December 31, 2032.

The amount of the tax credit is 10% of the retail sales price (up to a maximum price of $400 and excluding separately stated sales tax) of a safe firearm storage device. The tax credit is allowed only on the first retail sale of a safe firearm storage device for a use other than resale or long-term lease.

The bill defines safe firearm storage device as a device that is (1) designed and marketed to deny unauthorized access to a firearm or ammunition or render such items inoperable; and (2) is secured by a combination lock, key lock, or lock based on biometric information.

What's happening now January 3, 2025

Referred to the House Committee on Ways and Means.

Committees of jurisdiction 1