US HB942 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Democrat 10-0)
Status: Introduced on January 31 2019 - 25% progression, died in committee
Action: 2019-01-31 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Increases the rate of the research tax credit from 20% to 30% for research expenses to develop smart gun technologies. The bill also modifies the excise tax on the sale of firearms to exempt the portion of the sale price that is attributable to smart gun technology. "Smart gun technology" is technology (other than a simple mechanical lock) that is designed to (1) prevent a firearm from being fired by any individual other than an authorized user; and (2) convert the firearm from the inoperable condition to the operable condition in less than two seconds after the authorized user makes contact with the firearm, the firearm's arming device, or an external safe or locking device.

Tracking Information

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Title

SAFETY Act Start Advancing Firearms Enhancements and Technology Act of 2018

Sponsors


History

DateChamberAction
2019-01-31HouseReferred to the House Committee on Ways and Means.
2019-01-31HouseIntroduced in House

Same As/Similar To

SB1884 (Related) 2019-06-18 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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