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Senate committee advances Safe Storage Act after trimming tax provisions
Summary
A Senate Finance Committee substitute to HB 79 (LC51238S), the Safe Storage Act, passed after lawmakers removed a $300 storage-related tax credit, retained a $300 tax credit for firearm safety instruction, shortened a sales-tax holiday and struck a provision tied to a one-time lifetime credit record-keeping rule.
A Senate Finance Committee substitute to House Bill 79, called the Safe Storage Act (LC51238S), moved forward after the panel voted to amend the measure and approved the substitute as amended.
The substitute removes the $300 tax credit that had been tied to firearm storage purchases but keeps a $300 tax credit for completion of a firearms safe-handling instruction course. The substitute also shortens a sales-tax holiday for ammunition, gun safes and related accessories from 11 days to four days and preserves a sunset provision included earlier in the bill.
Committee…
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