Relative to smart gun technology tax incentive program
Impact
If enacted, the bill would significantly amend Massachusetts General Laws, particularly Chapter 140 and Chapter 63. It creates a new state commission tasked with overseeing tax incentive claims for corporations involved in smart gun technology. By providing a tax credit based on investments made by these corporations in R&D and hiring, the bill intends to bolster employment opportunities and innovation within the firearms industry while promoting safer firearm usage.
Summary
House Bill H2814 proposes to establish a smart gun technology tax incentive program to encourage the development and manufacturing of firearms equipped with safety mechanisms that can detect authorized users. This program aims to provide tax credits to corporations conducting research and development or manufacturing smart gun technologies. The bill defines 'smart gun' as a firearm that can identify its authorized user through various technologies, thereby enhancing safety measures for firearm owners and the general public.
Contention
However, the bill may raise concerns among various stakeholders. Opponents might argue that incentivizing 'smart gun' technology could lead to ethical discussions around the adequacy of such technologies in addressing gun violence. Additionally, questions about the efficacy and reliability of biometric safety measures could spark debate among gun rights advocates and public safety proponents. The eventual impact of this bill on public safety and local gun laws will likely be scrutinized as it progresses through the legislative process.
An Act to Modernize Maine's Business Incentive Programs by Creating the Dirigo Business Incentives Program and Eliminating Certain Other Tax Incentive Programs