SAFES Act

This bill creates a refundable tax credit for individuals who buy gun safes, and requires a report on the most effective types of gun safes.

Sec. 2, Refundable credit for certain gun safes: For taxable years beginning after December 31, 2025, an individual may claim a credit equal to 90% of the amount paid for a gun safe. For taxable years beginning before January 1, 2031, any gun safe qualifies. For later years, only gun safes that the Secretary of Health and Human Services determines are highly effective in preventing unauthorized access qualify. The credit is limited to $500 per taxpayer per year, or $1,000 for joint filers, and cannot exceed the total credits claimed in the previous 6 years. A gun safe is defined as a device designed and marketed to deny unauthorized access to a firearm or ammunition, or a safe, gun safe, gun case, lock box, or other device secured by a combination lock, key lock, or biometric lock that cannot be opened without the combination, key, or biometric information. Used safes do not qualify. Taxpayers are not required to provide any information about their firearms to claim the credit.

Sec. 3, Report on most effective gun safes: Within 5 years after this bill becomes law, the Secretary of Health and Human Services must publish a report listing which types of gun safes are highly effective in preventing unauthorized access.