SAFES Act Storing All Firearms Effectively and Safely Act
Impact
If enacted, the SAFES Act would amend the Internal Revenue Code to introduce a tax credit aimed at promoting responsible gun ownership and storage. The legislation is intended to alleviate financial burdens on gun owners by providing up to $500 in credits for the purchase of qualifying gun safes. Additionally, it encourages further research into which types of gun safes are most effective in preventing unauthorized access, through a mandate for a report from the Secretary of Health and Human Services five years post-enactment.
Summary
House Bill 8877, known as the 'Storing All Firearms Effectively and Safely Act' or 'SAFES Act', proposes a refundable tax credit for the purchase of certain gun safes. This initiative aims to incentivize the use of gun safes that restrict unauthorized access to firearms, thereby enhancing gun safety within households. The bill allows individuals to claim a credit worth 90% of the amount paid for eligible gun safes, subject to specific limits and conditions, with the goal of reducing gun-related accidents, especially in homes with children.
Contention
While the SAFES Act has garnered support from various legislators advocating for gun safety, there may be opposition centered around how such tax credits might influence gun ownership culture and safety practices. Critics may challenge whether tax incentives effectively lead to increased gun safety or simply serve as a financial benefit without altering behavior. Furthermore, the requirement for safes to be recognized as effective by health authorities might raise questions about regulatory overreach and the appropriateness of government involvement in personal firearm ownership.