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Finance Committee advances HB 79 Safe Storage Act with changes to tax incentives and record rules
Summary
Representative Newton told members the substitute to House Bill 79 keeps a $300 tax credit for firearms safe-handling instruction but removes a storage-related $300 credit, shortens a sales-tax holiday to four days and eliminates the measure's one-time-only restriction on the training credit after the committee adopted an amendment.
Representative Newton, the bill sponsor, told the Finance Committee that House Bill 79, the Safe Storage Act, would keep a $300 tax credit for a firearms safe-handling instruction course while removing a separate $300 tax credit tied to storage purchases in the original draft. "So HP 79, has been known as the Safe Storage Act," Newton said, describing the substitute (LC51238S) before the committee.
The substitute also includes a sales-tax holiday for ammunition, gun safes and related accessories that was shortened from 11 days to four as part of a compromise, and preserves a sunset already adopted by the committee. The substitute removes the storage-component tax credit but retains the training-course credit, Newton said.
Committee members debated whether the…
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