HR4487-119

What This Bill Does

The Gun Safety Incentive Act combines public education, sales requirements, grants, and a tax credit. Within 180 days, the Attorney General must establish voluntary safe-firearm-storage best practices for public education after at least 90 days of public notice and a hearing opportunity. The guidance must address businesses, vehicles, private homes, off-site storage facilities, and other appropriate places; it must be published within one year and reviewed at least annually. Beginning January 1, 2027, licensed manufacturers and importers that serialize at least 250 firearms annually must attach or include a clear written notice with each handgun, rifle, or shotgun saying SAFE STORAGE SAVES LIVES and giving the public website address. The bill expands the current safe-storage-device sale requirement from handguns to handguns, rifles, and shotguns, effective 180 days after enactment. The Attorney General may award grants to states and Indian Tribes for Safe Firearm Storage Assistance Programs that acquire and distribute safe storage devices through local governments or Tribes; grantees must report annually and Congress must receive annual reports starting 13 months after first awards. The bill authorizes $10 million annually for fiscal years 2027 through 2035. It also creates Internal Revenue Code section 45BB, a business credit equal to 10 percent of amounts received from first retail sales of safe firearm storage devices for U.S. use, with no more than $400 counted per device, excluding devices incorporated into firearms or ammunition and devices subject to CPSC mandatory recall, and ending after December 31, 2032.

Who Benefits and How

Gun owners benefit from public best practices, safe-storage assistance programs, and potentially lower-cost storage devices. Children in firearm-owning households benefit if storage devices reduce unauthorized access and family-fire incidents. States and Indian Tribes benefit from grants to acquire and distribute safe firearm storage devices. Safe firearm storage device sellers benefit from a 10 percent business credit on first retail sales through 2032.

Who Bears the Burden and How

The Attorney General must create best practices, manage public notice, publish annual updates, administer grants, and report to Congress. Licensed firearm manufacturers and importers meeting the 250-firearm threshold must include safe-storage notices starting January 1, 2027. Firearm sellers must provide safe storage devices for rifles and shotguns as well as handguns after the effective date. Treasury and IRS must administer the safe firearm storage credit. Federal taxpayers bear grant costs and tax-credit revenue losses.

Key Provisions

• Requires voluntary safe firearm storage best practices within 180 days and public publication within one year.
• Requires manufacturers and importers serializing at least 250 firearms annually to provide SAFE STORAGE SAVES LIVES notices beginning January 1, 2027.
• Extends safe-storage-device sale requirements from handguns to handguns, rifles, and shotguns after 180 days.
• Authorizes $10 million annually for fiscal years 2027 through 2035 for state and tribal Safe Firearm Storage Assistance Program grants.
• Creates a 10 percent safe firearm storage device business credit with a $400 per-device cap and a December 31, 2032 sunset.