H.R.4926 - Prevent Family Fire Act of 2019116th Congress (2019-2020) |
|Sponsor:||Rep. Levin, Mike [D-CA-49] (Introduced 10/30/2019)|
|Committees:||House - Ways and Means|
|Latest Action:||10/31/2019 Sponsor introductory remarks on measure. (CR H8707) (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.4926 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (10/30/2019)
Prevent Family Fire Act of 2019
This bill allows a new business-related tax credit for 10% of the amount of the first retail sale of a safe firearm storage device. The amount upon which the credit is based may not exceed $400.
A "safe firearm storage device" is a device that (1) is designed and marketed to deny unauthorized access to, or rendering inoperable, a firearm or ammunition; and (2) is secured by a combination lock, key lock, or lock based on biometric information.
This credit terminates after December 31, 2026.