HB 25-1128 CO

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Introduced

The bill creates a new income tax credit in an amount equal to the purchase price of a firearm safety device, not to exceed $200, that is purchased by an eligible taxpayer from a federally licensed dealer (credit). A firearm safety device is a device that is designed or can be used to store a firearm and is designed to be unlocked only by means of a key, a combination, or by other similar means. The credit is available for income tax years 2027 and 2028, and if the amount of the credit exceeds the eligible taxpayer's tax liability, the credit may be carried forward for a period of 5 income tax years. In addition, the maximum amount of aggregate credits that can be claimed in an income tax year is $5 million.(Note: This summary applies to this bill as introduced.)

• Cecelia Espenoza Democratic · primary
• Ryan Armagost · primary
• Kyle Mullica Democratic · primary

1. Mar 10, 2025 House Committee on Finance Postpone Indefinitely · lower
2. Feb 20, 2025 House Committee on State, Civic, Military, & Veterans Affairs Refer Amended to Finance · lower
3. Jan 28, 2025 Introduced In House - Assigned to State, Civic, Military, & Veterans Affairs · lower