Bills · HR 169
IN COMMITTEE· 119TH CONGRESS
House BillHR 169Firearms and explosivesIncome tax credits
Prevent Family Fire Act of 2025
INTRO JAN 3· LAST ACTION JAN 3
READING
4MIN
COSPONSORS
10BIPARTISAN
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenVoters should care about this bill because it addresses the issue of firearm safety, particularly concerning accidental shootings, suicides, and unauthorized access to guns. By offering a tax credit to retailers, the bill aims to encourage the sale and availability of safe gun storage devices like safes and lock boxes. If this becomes law, it could lead to more gun owners securing their firearms, potentially reducing preventable tragedies related to unsecured guns.
If this bill does not become law, the current situation where retailers do not receive a specific federal tax incentive for selling these devices would continue. Supporters believe that passing this bill could foster a safer environment by making safe storage more commonplace, while critics might argue that its impact on public safety or the market for these devices would be minimal or that it amounts to a subsidy for a specific industry.
KEY PROVISIONS
5AI-extractedPROVISION 01
Establishes a new tax credit for businesses selling safe firearm storage devices.
This provides a financial incentive for retailers to stock and sell devices designed to secure firearms.
PROVISION 02
The tax credit is 10% of the sale price, limited to $400 per device.
This sets the specific financial benefit retailers can receive for each qualifying safe storage device sold.
PROVISION 03
Defines what qualifies as a 'safe firearm storage device,' including specific lock types and exclusions.
This ensures that the tax credit is applied only to devices that meet certain safety and design standards.
PROVISION 04
The tax credit will expire after December 31, 2032.
This provision sets a time limit on the availability of the credit, requiring future legislative action to extend it.
PROVISION 05
Requires the Secretary of the Treasury to issue an annual report on the tax credits claimed, broken down by state.
This provides transparency and data on the usage and impact of the tax credit across the country.
SPONSORSHIP
1 + 10
D· California
YRS IN OFFICE
7
BILLS LED
25
COSPONSOR BREAKDOWNBIPARTISAN · 100%
DEM 5 REP 5 IND 0
ACTION TIMELINE
3 EVENTSJAN 3
Introduced in House
JAN 3
Introduced in House
JAN 3
Referred to the House Committee on Ways and Means.
BILL INFO
TypeHouse Bill
NumberHR 169
Congress119th
StatusIn Committee
IntroducedJan 3, 2025
Last actionJan 3, 2025
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IN COMMITTEE· 119TH CONGRESS · WAYS AND MEANS COMMITTEE · INTRODUCED JAN 3, 2025
House BillHR 169Firearms and explosivesIncome tax credits
Prevent Family Fire Act of 2025
INTRODUCED JAN 3, 2025· LAST ACTION JAN 3, 2025
PASSAGE CHANCES
—%
READING
4 min
COSPONSORS
10
COMPLEXITY
Moderate
