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119-hr-169119th CongressWALLET
Prevent Family Fire Act of 2025
Sponsored By: Representative 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.
Show full summary
- 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.
Sponsors & CoSponsors
Sponsor
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
Rep. Schrier, Kim [D-WA-8]
WA • D
Sponsored 4/14/2025
Rep. Kean, Thomas H. [R-NJ-7]
NJ • R
Sponsored 4/14/2025
Rep. Suozzi, Thomas R. [D-NY-3]
NY • D
Sponsored 11/19/2025
Rep. Bresnahan, Robert P. [R-PA-8]
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.
View on Congress.gov