Plain English Breakdown
The effective date is unknown as it was not listed in the source material.
Tax Credit for Buying Gun Safes
This bill creates a nonrefundable credit on personal income tax bills for people who buy gun safes.
What This Bill Does
- Creates a new credit against the state's personal income tax.
- Allows taxpayers to reduce their tax by up to $150.
- Applies only when someone buys a gun safe for personal use.
Who It Names or Affects
- People who pay the state's personal income tax
- Individuals who purchase a gun safe
Limits and Unknowns
- The bill does not say when this rule will start.
- The text does not list specific rules for what counts as a gun safe.