Virginia House Bill 2393 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 18 2017 - 25% progression, died in chamber
Action: 2017-01-30 - Stricken from docket by Finance by voice vote
Text: Latest bill text (Introduced) [HTML]

Income tax credit; purchase of gun safe. Establishes an individual income tax credit beginning January 1, 2017, for the purchase of a gun safe. The credit would equal 50 percent of the purchase price paid for any gun safe with a selling price of $500 or less. The bill defines a gun safe as a safe or vault that is (i) commercially available, (ii) secured with a digital or dial combination locking mechanism or biometric locking mechanism, and (iii) designed for the storage of a firearm or ammunition for use in a firearm. An individual may not claim more than $100 in tax credits for all taxable years. The Department would be authorized to issue up to $250,000 in tax credits each year. The credit would expire on January 1, 2022.

Income tax, state; tax credit for purchase of gun safe.

Del. Benjamin Cline [R]

Date	Chamber	Action
2017-01-30	House	Stricken from docket by Finance by voice vote
2017-01-27	House	Subcommittee recommends striking from docket by voice vote
2017-01-24	House	Assigned Finance sub: Subcommittee #3
2017-01-18	House	Referred to Committee on Finance
2017-01-18	House	Presented and ordered printed 17104035D

Chapter	Article	Section	Citation Type	Statute Text
58	1	339.13	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?171+sum+HB2393
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+HB2393+hil