Missouri 2024 Regular Session

Missouri House Bill HB1891

Introduced
1/3/24  

Caption

Authorizes a tax credit to offset amounts paid on gun safety items

Impact

The introduction of HB 1891 could result in a significant impact on state laws concerning firearm ownership and safety regulations. By offsetting costs through tax credits, the bill may lead to increased sales of gun safety items, such as safes, locks, and training courses. This could encourage more responsible ownership principles and practices, ultimately contributing to a reduction in gun-related accidents and incidents. The financial relief provided by these tax credits may make it easier for a broader range of individuals to access necessary safety equipment.

Summary

House Bill 1891 is a proposed legislation aimed at authorizing a tax credit to offset amounts paid on gun safety items. This bill seeks to promote responsible gun ownership by providing financial incentives for individuals who invest in safety measures related to firearms. The inclusion of tax credits is designed to encourage gun owners to prioritize safety equipment, potentially improving overall public safety and reducing the risks associated with firearms in households.

Contention

While proponents of HB 1891 argue that it promotes public safety and responsible gun ownership, there could be contention surrounding this bill among various stakeholders. Critics may raise concerns about the effectiveness of tax credits in changing behavior compared to more direct regulations or safety mandates. Additionally, debates may ensue regarding the appropriateness of using public funds to subsidize private gun ownership costs, with some arguing it could reinforce gun culture rather than mitigate risks associated with it.

Companion Bills

No companion bills found.

Previously Filed As

MO HB620

Authorizes a tax credit to offset amounts paid on gun safety items

MO HB579

Authorizes an income tax credit for veterans for certain amounts paid in property taxes

MO HB1097

Authorizes an income tax deduction for amounts paid towards tangible personal property taxes

MO HB321

Authorizes a tax credit for certain contraception costs

MO HB1062

Authorizes taxpayers to reject income tax cuts and establishes a fund for the difference in the excess amounts to be paid out to eligible state employees

MO HB488

Authorizes a tax credit to offset fees from the adoption of rescue animals

MO SB509

Authorizes tax credits for child care

MO HB1134

Modifies the "circuit breaker" tax credit by increasing the maximum upper limit and property tax credit amounts

MO HB377

Repeals the statutory provisions imposing a sales tax on food and authorizes a new tax to offset lost revenue.

MO HB876

Adds cities to the list of cities authorized to impose a public safety sales tax

Similar Bills

No similar bills found.