SB96
Authorize tax credit for handgun training and firearms storage
Current Status: In Senate Committee (Ways and Means)
Summary
This bill authorizes a nonrefundable income tax credit for the costs associated with handgun training and the purchase of firearms storage and locking devices, allowing taxpayers to claim up to $250 for each category. The credits can be claimed for the taxable year in which the expenses were incurred. The bill applies to taxable years ending on or after its effective date.
Rationale
The bill supports individual rights to self-defense and firearm ownership, aligning with the Libertarian Party's principles on personal liberty and self-defense. However, it introduces a tax credit that may be seen as government intervention in personal choices, which slightly detracts from full alignment with libertarian ideals.
Risks and Concerns
- Potential for increased government involvement in personal choices regarding firearms.
- Could set a precedent for future tax credits related to other personal liberties.