Authorizes a tax credit to offset amounts paid on firearm safety items
Referred: Emerging Issues(H)
Summary
The bill would let individual Missouri taxpayers claim a credit of up to $500 against their state income tax for purchases of approved gun safes or safety devices. The credit applies only to items bought for personal use, not resale, and is limited to the amount of tax owed. A total of $500,000 in credits could be awarded each year, and the program would start in tax years beginning 2027 and expire after six years.
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