Secure Firearms Act Proposed

[photogpat]

Firearms Industry Praises U.S. Rep. John R. Carter For Introducing Secure Firearms Act

http://is.gd/W77JTP

For those who don't do links:

NEWTOWN, Conn. -- The National Shooting Sports Foundation (NSSF), the trade association for the firearms, ammunition, hunting and shooting sports industry, today praised U.S. Rep. John R. Carter (R-31, Texas) for his introduction of the bipartisan Secure Firearms Act.

"The members of America's firearms industry thank Rep. Carter for his leadership in offering a real bi-partisan solution that will help make our families safer," said Lawrence G. Keane, NSSF Senior Vice President and General Counsel. "Helping firearms owners responsibly and safely store their firearms when they are not in use so that they are inaccessible to unauthorized and at-risk individuals provides a practical and proven way to increase the safety of our homes and communities."

The Secure Firearms Act will provide up to a $1,200 federal income tax deduction for the purchase of a gun safe, or other safety devices, through Dec. 21, 2014. The act would also prohibit the Internal Revenue Service from using tax deduction claims to produce any kind of gun ownership registration.

As the leading organization to promote firearm safety, NSSF launched Project ChildSafe in 2003 specifically to educate gun owners on their responsibility to keep their guns out of the wrong hands, and provide the tools to help them do so. Through partnerships with law enforcement NSSF has distributed more than 36 million free firearm safety kits and safety information to gun owners throughout the U.S. as part of this program, and between 2000 and 2010, fatal firearm accidents dropped 22 percent. Firearms accidents are now less than 1 percent of all fatal accidents in the United States.

The Secure Firearms Act is also endorsed by the National Rifle Association.

I like it...

[AR-15collector]

If this passes I'll be upgrading my gun safe.

[Hmac]

I'm not a particular believer in gun safes (as opposed to locking gun cabinets), but I agree...I'd buy one too if it's associated with a tax credit or deduction.

[Heffay]

Damn. That's a tax credit I can get behind!

[.45 Auto]

I'd have to weigh the value of the tax deduction (which would be price-of-safe - up to $1200 - multiplied by my effective tax rate) vs. the possibility of them having my name on a list of gun-safe owners.

Mike - in Sherburne County

[xd ED]

Demand(& price) for safes goes up, as supply goes down. The next shortage. Plus the IRS will have a little mark next to your name

Sounds like a plan

[Thunder71]

So it basically just reduces your taxable income by $1200 max, right? (Based on the amount you spent on it.) At least that's how I read it, I think some people think they get an extra $1200 back.

[AR-15collector]

Basically, I'm sure there's a stipulation that the credit is only equivalent to the price of the safe, so if you get a cheapie... You'll get less tax credit.

[xd ED]

Basically, I'm sure there's a stipulation that the credit is only equivalent to the price of the safe, so if you get a cheapie... You'll get less tax credit.

That's what I would expect as well: many $700 safes on sale for $1199.95.

[yukonjasper]

more than one way to create a "list" and if you devise several, your likely to pull in the majority of gun owners. This one "rewards" you for being a good citizen and I'm sure the thought behind it is noble, but there is a down side to having the Government involved in anything you do - especially in areas they have made it very clear they wish to meddle.

[Lights]

more than one way to create a "list" and if you devise several, your likely to pull in the majority of gun owners. This one "rewards" you for being a good citizen and I'm sure the thought behind it is noble, but there is a down side to having the Government involved in anything you do - especially in areas they have made it very clear they wish to meddle.

Bingo!

[Heffay]

For the vast majority of gun owners who aren't paranoid about getting on a gun safe list and also want to get a gun safe, this is a fantastic opportunity.

You do realize that you don't *have* to take the tax credit if you're worried about them finding out you have a gun safe, right? And if you are, you pay cash every time you shop at sporting good stores too? You know... to keep them from getting your credit card records and seeing what you've purchased in the past that might be gun related...

[MNIceMan]

Ther will be many safes purchased by non-gun owners unless there is a means to prove you own a firearm.

[Heffay]

Ther will be many safes purchased by non-gun owners unless there is a means to prove you own a firearm.

Why would a non gun owner purchase a gun safe?

[Mn01r6]

This will be cash for clunkers part II - a complete waste of tax dollars and perversion of the free market. This MIGHT lead to 10% more safes being sold, but with increased demand will come increased prices, nullifying the tax incentive or possibly even making the safes cost the consumer more than if no tax break existed. I am sick of supply shortages in the firearms market and this will just trigger another one.