Income tax, state; tax credit for purchase of gun safe.

Establishes an individual income tax credit beginning January 1, 2017, for the purchase of a gun safe. The credit would equal 50 percent of the purchase price paid for any gun safe with a selling price of $500 or less. The bill defines a gun safe as a safe or vault that is (i) commercially available, (ii) secured with a digital or dial combination locking mechanism or biometric locking mechanism, and (iii) designed for the storage of a firearm or ammunition for use in a firearm. An individual may not claim more than $100 in tax credits for all taxable years. The Department would be authorized to issue up to $250,000 in tax credits each year. The credit would expire on January 1, 2022.