HR169119th CongressWALLET

Prevent Family Fire Act of 2025

Sponsored By: Representative Rep. Levin, Mike [D-CA-49]

Introduced

Summary

Creates a business tax credit for safe firearm storage devices. This bill would let sellers claim a nonrefundable credit equal to 10% of amounts received from the first retail sale of each qualifying device, capped at $400 per device and not exceeding the device's fair market value.

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  • Businesses: Sellers of qualifying storage devices could claim the credit as part of the General Business Credit and against the Alternative Minimum Tax. The credit covers only the first retail sale after manufacture or importation and is subject to recapture rules if improperly claimed.
  • Families and consumers: The law targets devices designed to deny unauthorized access to firearms or ammunition or to render firearms inoperable, aiming to encourage sales of those products.
  • Federal oversight and timing: The Treasury must publish annual, state-by-state reports on credits allowed and the credit would expire for sales after December 31, 2032.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Tax credit for safe firearm storage sales

If enacted, businesses that make the first retail sale of a qualifying safe firearm storage device for use in the U.S. would get a federal tax credit equal to 10% of the sale price, up to $40 per device. You would exclude any separately stated sales tax and any amount above fair market value when figuring the price. Devices must block unauthorized access and use an integrated key, combination, or biometric lock; devices built into a gun or ammo, or under a mandatory CPSC recall, would not qualify. The credit would be part of the general business credit and would be allowed against AMT. Treasury would publish annual state-by-state totals and could take back credits claimed improperly, and may require information or registration. It would apply to taxable years starting after enactment, and sales after December 31, 2032 would not qualify.

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Sponsors & CoSponsors

Sponsor

Rep. Levin, Mike [D-CA-49]

CA • D

Cosponsors

  • Rep. Lawler, Michael [R-NY-17]

    NY • R

    Sponsored 1/3/2025

  • Rep. Boyle, Brendan F. [D-PA-2]

    PA • D

    Sponsored 1/3/2025

  • Rep. Kim, Young [R-CA-40]

    CA • R

    Sponsored 1/3/2025

  • Rep. Salinas, Andrea [D-OR-6]

    OR • D

    Sponsored 3/31/2025

  • Rep. Fitzpatrick, Brian K. [R-PA-1]

    PA • R

    Sponsored 3/31/2025

  • Schrier

    WA • D

    Sponsored 4/14/2025

  • Kean

    NJ • R

    Sponsored 4/14/2025

  • Rep. Suozzi, Thomas R. [D-NY-3]

    NY • D

    Sponsored 11/19/2025

  • Bresnahan

    PA • R

    Sponsored 12/18/2025

  • Del. Norton, Eleanor Holmes [D-DC-At Large]

    DC • D

    Sponsored 2/17/2026

Roll Call Votes

No roll call votes available for this bill.

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