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Senate committee advances tax credit for lockable gun storage after amendments
Summary
The Senate committee passed Senate Bill 74 as amended to create a tax credit for lockable gun and ammunition storage; the committee removed refundability and limited eligible storage to devices primarily designed to store firearms and ammunition.
A Senate committee voted to advance a bill that would create a state income tax credit for expenditures on lockable gun and ammunition storage, approving amendments that tightened the credit’s scope and removed refundability.
Senate Bill 74 originally proposed a refundable credit equal to 25% of eligible expenditures for lockable gun and ammunition storage—capped at $250 per year—for tax years 2025 through 2027. Amelia, presenting the bill to the committee, said the measure would…
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