Firearms Owners Against Crime

Institute for Legal, Legislative and Educational Action

Proposed Federal House Legislation HB942

this is an anti-gun bill   evalutation

This legislation provides for research credit for emerging technologies on smart guns.

Legislation Overview

Title: SAFETY Act Start Advancing Firearms Enhancements and Technology Act of 2018

Subject: Taxation: Advanced technology and technological innovations: Firearms and explosives: Income tax credits: Income tax deductions: Licensing and registrations: Small business: Sales and excise taxes: Research and development

Description: Increases the rate of the research tax credit from 20% to 30% for research expenses to develop smart gun technologies. The bill also modifies the excise tax on the sale of firearms to exempt the portion of the sale price that is attributable to smart gun technology. "Smart gun technology" is technology (other than a simple mechanical lock) that is designed to (1) prevent a firearm from being fired by any individual other than an authorized user; and (2) convert the firearm from the inoperable condition to the operable condition in less than two seconds after the authorized user makes contact with the firearm, the firearm's arming device, or an external safe or locking device.

Session: 116th Congress

Last Action: Referred to the House Committee on Ways and Means.

Last Action Date: January 31, 2019

Link: https://www.congress.gov/bill/116th-congress/house-bill/942/all-info

Sponsors

Note: the first sponsor listed is normally the primary sponsor. If a sponsor's name is a hyperlink you can click on it to 'follow the money'.

10 sponsors: James Himes (D); Ann Kuster (D); Katie Hill (D); Yvette Clarke (D); Theodore Deutch (D); Ed Perlmutter (D); Darren Soto (D); Stephanie Murphy (D); Mark DeSaulnier (D); Harley Rouda (D)

History
Chamber Date Action
House Jan 31 2019 Introduced in House
House Jan 31 2019 Referred to the House Committee on Ways and Means.
Texts
Type Date Federal Link Text
Introduced Feb 13 2019 federal bill text bill text
Amendments
Title Description Date State Link Text Adopted
There are no amendments to this bill at this time
Committee

Chamber: H

Committee Name: Ways And Means

Votes

There have not been any votes on this bill

Tag(s)

Firearms Owners Against Crime ILLEA © 2024

P.O. Box 308 Morgan, PA 15064

web application / database development by davidcdalton.com