LCO No. 1593 1 of 1
General Assembly Proposed Bill No. 166
January Session, 2019
LCO No. 1593
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
SEN. SAMPSON, 16th Dist.
AN ACT ESTABLISHING A CREDIT AGAINST THE PERSONAL
INCOME TAX FOR THE PURCHASE OF GUN SAFES.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That the general statutes be amended to provide that (1) any 1
taxpayer who is subject to the personal income tax imposed under 2
chapter 229 of the general statutes for any taxable year shall be allowed 3
a credit against the tax otherwise due under said chapter in an amount 4
equal to the price paid by such taxpayer for a new safe that (A) is 5
specifically manufactured to store firearms, (B) is constructed of steel 6
or a material of equal or greater strength, (C) has a combination or key 7
lock listed by Underwriters Laboratories, and (D) is for the personal, 8
noncommercial use of the taxpayer, provided such credit shall not 9
exceed one hundred fifty dollars; and (2) if the amount of such credit 10
exceeds the taxpayer's liability for the tax imposed under chapter 229 11
of the general statutes, the excess shall expire and shall not be 12
refundable. 13
Statement of Purpose:
To establish a nonrefundable personal income tax credit of up to one
hundred fifty dollars for the purchase of gun safes for personal use.