Committee advances SB 74, agrees to remove several unused tax-credit programs
The committee reviewed SB 74 (a 25% credit for lockable gun/ammunition storage up to $250), discussed prior amendments, approved an amendment to sunset unused tax credits, and voted to advance the bill to the floor.
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Amelia summarized Senate Bill 74, a bill that would establish an income tax credit for lockable gun and ammunition storage for tax years 2025–2027 equal to 25% of the taxpayer’s expenditures, not to exceed $250 per taxpayer. She reminded the committee that two amendments were adopted last year: refundability was removed and carryforward language was added, and that the bill was re-referred to the committee on Jan. 12.
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