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HB1144

Income tax credit for firearms safety expenses.

Latest bill text (Comm Sub) [PDF]

Summary

Income tax credit for firearms safety expenses. Provides a state income tax credit for expenses incurred to receive qualified firearms instruction or to purchase a qualified firearms storage device. Provides that the tax credit is equal to the amount of the incurred expenses. Provides that the maximum amount allowed as a tax credit is $300 for individuals filing single returns or $600 for married couples filing joint returns. Provides that a tax credit may not exceed the taxpayer's state income tax liability. Provides that a taxpayer is not entitled to a carryover, carryback, or refund of any unused tax credit.

Authors

Authored by Representative Lucas

Fiscal Outlook

Title Description Date View
Fiscal NoteFiscal Note #1: Introduced2024-01-04 Click To View

History

Date Chamber Action
2024-01-08HouseFirst reading: referred to Committee on Ways and Means
2024-01-08HouseAuthored by Representative Lucas