VirginiaSB13892025 Regular SessionSenate

Firearm safety device tax credit; defines commercial retailer.

Sponsored By: Kannan Srinivasan (Democratic)

To Governor

Summary

Firearm safety device tax credit; definitions. Redefines an "eligible transaction" for purposes of the firearm safety device tax credit as one in which a taxpayer purchases one or more firearm safety devices from a commercial retailer, as defined in the bill. Current law defines "eligible transaction" as one in which a taxpayer purchases one or more firearm safety devices from a federally licensed dealer. The provisions of the bill apply to taxable years beginning on and after January 1, 2025. This bill is identical to HB 2595.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Kannan Srinivasan

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 216 • No: 4

House vote • 2/13/2025

Passed House Block Vote

Yes: 96 • No: 0

House vote • 2/10/2025

Reported from Finance

Yes: 20 • No: 0

Senate vote • 1/31/2025

Read third time and passed Senate

Yes: 40 • No: 0

Senate vote • 1/29/2025

Constitutional reading dispensed Block Vote (on 1st reading)

Yes: 38 • No: 0

Senate vote • 1/28/2025

Reported from Finance and Appropriations

Yes: 12 • No: 3

Senate vote • 1/22/2025

Reported from Courts of Justice with amendment and rereferred to Finance and Appropriations

Yes: 10 • No: 1

Actions Timeline

  1. Acts of Assembly Chapter text (CHAP0303)

    3/21/2025Governor
  2. Approved by Governor-Chapter 303 (Effective 07/01/25)

    3/21/2025Governor
  3. Governor's Action Deadline 11:59 p.m., March 24, 2025

    3/3/2025Governor
  4. Enrolled Bill Communicated to Governor on March 3, 2025

    3/3/2025Senate
  5. Signed by President

    2/20/2025Senate
  6. Impact statement from TAX (SB1389)

    2/18/2025Senate
  7. Bill text as passed Senate and House (SB1389ER)

    2/18/2025Senate
  8. Enrolled

    2/18/2025Senate
  9. Signed by Speaker

    2/18/2025House
  10. Passed House Block Vote (96-Y 0-N)

    2/13/2025House
  11. Read third time

    2/13/2025House
  12. Read second time

    2/12/2025House
  13. Reported from Finance (20-Y 0-N)

    2/10/2025House
  14. Impact statement from TAX (SB1389)

    2/6/2025Senate
  15. Referred to Committee on Finance

    2/6/2025House
  16. Read first time

    2/6/2025House
  17. Placed on Calendar

    2/6/2025House
  18. Read third time and passed Senate (40-Y 0-N)

    1/31/2025Senate
  19. Printed as engrossed 25104924D-E

    1/30/2025Senate
  20. Engrossed by Senate as amended

    1/30/2025Senate
  21. Courts of Justice Amendment agreed to

    1/30/2025Senate
  22. Reading of amendment waived

    1/30/2025Senate
  23. Read second time

    1/30/2025Senate
  24. Constitutional reading dispensed Block Vote (on 1st reading) (38-Y 0-N)

    1/29/2025Senate
  25. Passed by for the day

    1/29/2025Senate

Bill Text

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