To amend the Internal Revenue Code of 1986 to allow for a credit against tax for sales at retail of safe firearm storage devices.
Summary
What This Bill Does
The bill requires safe firearm storage credit Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: 45BB.Safe firearm storage and requires 45BB. Safe firearm storage credit. It relies on definition changes, tax rate changes, compliance mandates, and reporting requirements. The main policy areas are Environmental Groups, Environment, and Foreign Policy.
Who Benefits and How
Foreign businesses and cross-border trade participants affected by the bill could face lower compliance burdens and Environmental and public health interests affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties and Public beneficiaries or protected communities affected by the clause could face increased risk.
Key Provisions
- Requires safe firearm storage credit Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: 45BB.Safe firearm storage...
- Requires 45BB. Safe firearm storage credit.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires safe firearm storage credit Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: 45BB.Safe firearm storage and requires 45BB. Safe firearm storage credit.
Key Policy Areas
Environmental Groups, Environment, Foreign Policy
Primary Purpose
The bill requires safe firearm storage credit Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: 45BB.Safe firearm storage and requires 45BB. Safe firearm storage credit.
Policy Domains
Whole bill
Identified Gains
- Foreign businesses and cross-border trade participants affected by the bill
- Environmental and public health interests affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Public beneficiaries or protected communities affected by the clause
Sponsors
Legislative Progress
IntroducedMr. Levin (for himself, Mr. Lawler, Mr. Boyle of Pennsylvania, …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology