A bill for an act providing for an individual income tax credit for the purchase of firearm safety devices and including retroactive and other applicability provisions.

House File 132 creates an individual income tax credit for taxpayers who purchase firearm safety devices. This credit is equal to the sales price of the device, up to a maximum of $500 per tax year. A "firearm safety device" includes mechanisms designed to prevent a firearm from being operated without deactivation, or new, steel gun safes purchased for personal use from licensed dealers or retailers. Any unused credit can be carried over to the following tax year, and the bill applies retroactively to purchases made on or after January 1, 2025.