Secure firearm credit

(a) In general Subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 25F the following new section: 25G. Secure firearm credit (a) Allowance of credit In the case of an individual with a qualifying child or dependent, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to 75 percent of amounts paid during such taxable year by the taxpayer for the purchase of any firearm safety device. (b) Limitations (1) Credit amount The amount allowed as a credit under subsection (a) for a taxpayer for a taxable year shall not exceed $300. (2) Limitation based on adjusted gross income (A) In general The amount of the credit allowed by subsection (a) (determined without regard to this subsection) shall be reduced (but not below zero) by the amount which bears the same ratio to such credit (as so determined) as— (i) the excess of— (I) the taxpayer's adjusted gross income for such taxable year, over (II) $75,000, bears to (ii) $5,000. (B) Special rules (i) Joint return or surviving spouse In the case of a joint return or a surviving spouse (as defined in section 2(a)), paragraph (1) shall be applied by substituting $150,000 for $75,000 and $10,000 for $5,000. (ii) Head of household In the case of a head of household (as defined in section 2(b)), paragraph (1) shall be applied by substituting $112,500 for $75,000 and $7,500 for $5,000. (c) Definitions For purposes of this section— (1) Firearm safety device The term firearm safety device means a secure gun storage or safety device which— (A) is described in section 921(a)(34)(C) of title 18, United States Code, and (B) bears a unique serial number. (2) Qualifying child or dependent The term qualifying child or dependent means— (A) a qualifying child (as defined in section 24(c)), or (B) a dependent of the taxpayer with respect to whom a partial credit is allowed under section 24(h)(4) for the taxable year. (d) Substantiation (1) In general No credit shall be allowed under subsection (a) with respect to any firearm safety device unless the taxpayer includes the receipt or serial number of such device with the return of tax for the taxable year. (2) Regulations and guidance The Secretary shall issue such regulations or other guidance as the Secretary determines necessary to carry out the purposes of this subsection, including regulations or other guidance prohibiting inquiries which violate the privacy of gunowners (as determined by the Secretary), including inquiries relating to ownership of, or types of, guns, ammunition, modifications, or accessories stored in such device. (e) Termination No credit shall be allowed under this section with respect to any firearm safety device acquired after December 31, 2030.. (b) Clerical amendment The table of sections for subpart A of part IV of subchapter A of chapter 1 of such Code is amended by inserting after the item relating to section 25F the following new item: Sec. 25G. Secure firearm credit.. (c) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2025.