HB2615 authorizes a tax credit for Missouri taxpayers who purchase firearm safes or safety devices.
HB2615 amends Missouri law to allow taxpayers to claim a tax credit for purchases of firearm safes or safety devices. The credit is limited to $500 per tax year and $500,000 in total credits per year. The credit applies to purchases made for personal use, not resale. The Department of Public Safety and the Department of Revenue will jointly establish rules for approving these items. The tax credit program will sunset after six years unless reauthorized.
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