$300 tax deduction for buying a new gun safe.

[Inigoes]

For VA residents

Virginia lawmakers appear to have landed on a rare gun safety compromise with a bill that would give gun owners a $300 tax credit to buy gun safes.

Virginia lawmakers' surprise compromise on guns

A new bill would give gun owners a $300 tax credit to buy gun safes.

www.axios.com

 

[Boxcab]

Now that promotes gun safety.


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Sent from my SM-G781U using Tapatalk

 

[LAC_MD]

MD needs to focus on this writeoff instead of SB1

 

[wb3jma]

Problem is these days $300 does not really get you something secure that would not be a misnomer to call a safe but merely an object that would frustrate an attacker but not an experienced thief if you were on vacation.

 

[Bertfish]

A Democrat in Maryland tried to pass a similar bill in 2021 or 2022 I think. IIRC it didn't go anywhere.

@dblas do you remember who that was?

 

[johnkn]

Problem is these days $300 does not really get you something secure that would not be a misnomer to call a safe but merely an object that would frustrate an attacker bot not an experienced thief if you were on vacation.

The intent doesn’t need to be to provide a free safe, only a credit toward a safe. I’d be happy to get a $300 credit toward another $5000 safe. I received nothing on my last (3).


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[ToBeFree]

I'd take it when I move there later this year.

 

[Afrikeber]

For VA residents

Virginia lawmakers' surprise compromise on guns

A new bill would give gun owners a $300 tax credit to buy gun safes.

www.axios.com

This covers the movers cost to get it in the house…..I think.

 

[cmsharp27]

A Democrat in Maryland tried to pass a similar bill in 2021 or 2022 I think. IIRC it didn't go anywhere.

@dblas do you remember who that was?

I believe that was Senator Jill Carter. I know her SB0773 bill had a provision for a gun safe credit.

 

[Bertfish]

I believe that was Senator Jill Carter. I know her SB0773 bill had a provision for a gun safe credit.

I seem to recall the amount was amended down which was just silly

 

[Triggerfinger]

Sounds like a good deal, except for something that I'm not comfortable with. Why does it have to be a $300 tax credit tied to my tax filing? Seems like another way of tracking who has guns. Yeah, sounds pretty tin foil hat, but I wish they would have offered it as a rebate through the safe manufactures and let them file as a tax credit after I purchased one.

 

[johnkn]

Sounds like a good deal, except for something that I'm not comfortable with. Why does it have to be a $300 tax credit tied to my tax filing? Seems like another way of tracking who has guns. Yeah, sounds pretty tin foil hat, but I wish they would have offered it as a rebate through the safe manufactures and let them file as a tax credit after I purchased one.

So the safe manufacturer files for a tax credit based on unnamed, untraceable purchasers? What could possibly go wrong there?

“Safe manufacturer”: “I sold 30,000 safes to Virginia residents last year, give me my $9M credit”...

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[Triggerfinger]

So the safe manufacturer files for a tax credit based on unnamed, untraceable purchasers? What could possibly go wrong there?

“Safe manufacturer”: “I sold 30,000 safes to Virginia residents last year, give me my $9M credit”...

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Honestly, I'm really not that concerned about that. That's a battle between them and the feds.

 

[Jimgoespewpew]

Problem is these days $300 does not really get you something secure that would not be a misnomer to call a safe but merely an object that would frustrate an attacker but not an experienced thief if you were on vacation.

Well no but it gets you halfway to something damn decent

 

[Jimgoespewpew]

Man, you got me all excited. The one I want is on sale for a hundred bucks off right now which would mean after this tax credit it would only cost me like $250. That's something I could sell the wife on

 

[Markpixs]

in reading the linked bill, it doesn't say how much the safe has to cost to qualify, if you get a bedside biometric safe for $300, it's pretty much free. And maybe keeps your 6-year-old from shooting the teacher. And if you think they don't know about your guns then you need a new tinfoil hat to protect your thoughts.
"Eligible transaction" means a transaction in which a taxpayer purchases one or more firearm safety devices from a dealer that is federally licensed pursuant to 18 U.S.C. § 923. An "eligible transaction" shall not include the purchase of a firearm.

"Firearm safety device" means [ (i) any device that, when installed on a firearm, is designed to prevent the firearm from being operated without first deactivating the device or (ii) ] a safe, gun safe, gun case, lock box, or other device that is designed to be or can be used to store a firearm and that is designed to be unlocked only by means of a key, a combination, or other similar means.

B. For taxable years beginning on and after January 1, 2023, but before January 1, 2028, a taxpayer shall be allowed a refundable credit against the tax levied pursuant to § 58.1-320 for up to $300 for the cost incurred in the purchase of one or more firearm safety devices in an eligible transaction. A taxpayer shall be allowed only one credit under this section per taxable year. The taxpayer shall submit purchase receipts with the income tax return to verify the amount of purchase price paid for the firearm safety device or firearm safety devices.