Prevent Family Fire Act of 2025 has not moved since its introduction on Jan 3, 2025, with cosponsors split almost evenly between the parties
Written by the Congressional Research Service [2]. 133 words.
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.
- Committees
- House Ways and Means Committee
- Policy area
- Taxation: 20 of 6,214 bills became law, 113th–118th (0.3%)
- Sponsor
- 5 of 116 bills enacted since 2013
- Text versions
- 1: introduced in house · 720 words
- Subjects
- Firearms and explosivesGovernment information and archivesIncome tax creditsRetail and wholesale trades
- Latest action
- Jan 3, 2025: Referred to the House Committee on Ways and Means.
- Records
- Congress.gov · Bill text
The bill status record lists no related bills.