Iowa HF132 provides an income tax credit for purchasing firearm safety devices, up to $500.

Iowa HF132 establishes a tax credit for individuals who buy firearm safety devices. The credit equals the sales price of the device, up to $500. A "firearm safety device" includes devices that prevent a firearm from being operated without deactivation or a qualified gun safe. The credit applies to devices bought on or after the bill's effective date and retroactively to January 1, 2025. Any unused credit can be applied to the following year's tax liability.

Iowa HF132 provides an income tax credit for purchasing firearm safety devices, up to $500.

Iowa HF132 establishes a tax credit for individuals who buy firearm safety devices. The credit equals the sales price of the device, up to $500. A "firearm safety device" includes devices that prevent a firearm from being operated without deactivation or a qualified gun safe. The credit applies to devices bought on or after the bill's effective date and retroactively to January 1, 2025. Any unused credit can be applied to the following year's tax liability.