A Bill To Provide For A Tax Credit To An Individual Purchasing A Gun Safe
Mr. Speaker, today I am introducing a bill to provide for an income tax credit relating to the purchase of a gun safe. Experts agree that firearms should be stored unloaded and locked up, with ammunition stored separately. This bill, if…
Mr. Speaker, today I am introducing a bill to provide for an income tax
credit relating to the purchase of a gun safe. Experts agree that firearms should be stored unloaded and locked up, with ammunition stored separately. This bill, if enacted, would help protect our children and others due to accidents, suicides, and other acts, all connected with unguarded guns.
The non-refundable credit would amount to 25 percent of the total costs of purchasing, shipping, and installing a gun safe in a taxpayer's residence. The maximum credit would be limited to 25 percent of the total costs up to $1,000, or a total credit of $250.
Over 22 million children in the U.S. live in homes with at least one firearm. A study by the prestigious Rand Corporation found that fewer than 50 percent of American families with firearms stored their firearms safely--unloaded, locked and away from the ammunition. Storing firearms unloaded in a well constructed gun safe with a keyed combination or electronic lock is the most secure method for preventing unauthorized access by children, adolescents and criminals to firearms in a home.
The FBI estimates there are more than 341,000 incidents of firearm theft from private citizens annually. Nearly one-third of these firearms will be used in the commission of another crime. Increasing the use of gun safes with keyed, combination or electronic locks would decrease the number of firearms stolen from homes and used by criminals to intimidate, harm and kill their victims.
There is nothing mandatory about this legislation. The decision to purchase a gun safe remains a personal decision as does a person's decision to take advantage of the tax credit. The legislation is designed to encourage a voluntary act and does not in any way intrude into the American home. I ask your support for this legislation, which would help protect families, especially the children, from untimely deaths due to unguarded guns.
