Legislation - HB0250

Allowing a credit against the State income tax for the purchase of certain firearm safety devices in an amount equal to the lesser of 100% of the purchase price or $200 during the taxable year; allowing an individual to carry over any excess credit to the next taxable year; requiring the Comptroller to establish a process to issue tax credit certificates; limiting the aggregate allowable amount of credits to $250,000 for any taxable year; and applying the Act to all taxable years beginning after December 31, 2024.

Committees

Original:: Ways and Means

Details

Bill File Type: Pre-Filed

Effective Date(s): July 1, 2025

History

Legislation History
Chamber House Calendar Date 10/29/2024 Legislative Date 10/29/2024 Action Pre-filed Proceedings
Chamber House Calendar Date 1/08/2025 Legislative Date 1/08/2025 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Credit for Firearm Safety Devices Proceedings
Chamber House Calendar Date 1/13/2025 Legislative Date 1/13/2025 Action Hearing 1/30 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	10/29/2024	10/29/2024	Pre-filed
House	1/08/2025	1/08/2025	First Reading Ways and Means
			Text - First - Income Tax - Credit for Firearm Safety Devices
House	1/13/2025	1/13/2025	Hearing 1/30 at 1:00 p.m.

File Code

Subjects

Statutes