Secure Storage Information Act of 2024

Section 922(z) of title 18, United States Code, is amended—

(1) in paragraph (1)—

(A) by striking (1) In general.— Except and inserting the following:

Except

(B) by adding after and below the end the following:

It shall be unlawful for any licensed importer, licensed manufacturer, or licensed dealer to sell, deliver, or transfer a firearm to any person other than a person licensed under this chapter, unless the transferee is provided with such information about the secure storage of firearms as the Attorney General shall prescribe.

(B) ; and

(2) in paragraph (2), by striking (1) and inserting (1)(A).

Within 6 months after the date of the enactment of this Act, the Attorney General shall prescribe, by regulation, the secure firearms storage information required to be provided by a Federal firearms licensee to a prospective firearm transferee, and ensure that the information includes—

(1) that firearms should be stored unloaded, out of the reach of children and other persons without authorized access, and separately from ammunition;

(2) that stored firearms should be secured with a locking device;

(3) a statement as to the importance of secure storage, including data on the risks of unsecured firearms and benefits of securely stored firearms in relation to firearm suicide, firearm homicide and assault, school firearm violence, unintentional shootings, and theft; and

(4) guidance on the most secure types of devices, including the advantages of gun safes and lock boxes compared to trigger and cable locks.

(1) by striking secure gun storage or safety devices and inserting a variety of secure gun storage or safety devices, including full-size gun safes, lock boxes and lockers, gun cases, or cable and trigger locks,;

(2) by striking a secure gun storage or safety device and inserting secure gun storage or safety devices; and

(3) by striking a device and inserting devices.

Subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting before section 26 the following new section:

In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to the amounts paid or incurred by the taxpayer for the taxable year for the purchase of a qualified gun safe.

The credit allowed under this section with respect to any taxpayer for any taxable year shall not exceed the excess (if any) of $500 over the aggregate credits allowed under this section with respect to such taxpayer for all prior taxable years.

For purposes of this section, the term qualified gun safe means any safe, gun safe, gun case, lock box, or other device—

(1) the original use of which commences with the taxpayer,

(2) which is acquired by the taxpayer—

(A) to store one or more firearms, and

(B) not for resale,

(3) which is designed, or can be used, for the secure and fully-contained storage of one or more firearms, and

(4) which is designed to be unlocked only by authorized users by means of a key, a combination, biometric credentials, or other similar means.

For purposes of this subtitle, the basis of any property for which a credit is allowable under subsection (a) shall be reduced by the amount of such credit so allowed.

The amount of any deduction allowable under this chapter with respect to a property for which a credit is allowable under subsection (a) shall be reduced by the amount of such credit so allowed.

Section 1016(a) of such Code is amended by striking and at the end of paragraph (37), by striking the period at the end of paragraph (38) and inserting, and, and by adding at the end the following new paragraph:

(39) to the extent provided in section 25F(d).

The table of sections for subpart A of part IV of subchapter A of chapter 1 of such Code is amended by inserting before the item relating to section 26 the following new item:

The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.