Rep. Norm Thurston — Voting Record

Bill

Number

H.B. 326 Sixth Substitute (2024GS)

Sponsor

Rep. MacPherson, M.

Final action

House/ filed 3/1/2024

Outcome

Failed / filed without passage

Summary

What it does

• This bill:
• defines terms;
• enacts a nonrefundable individual income tax credit for the purchase of a firearm safety device;
• prohibits taxpayers from claiming the tax credit more than once; and
• provides a repeal date for the tax credit.

Every vote on this bill

Bill text

FIREARM SAFETY DEVICE TAX INCENTIVES
AMENDMENTS
GENERAL SESSION
STATE OF UTAH
Chief Sponsor: Matt MacPherson
Senate Sponsor: 
 Michael S. Kennedy
LONG TITLE
General Description:
This bill establishes an income tax credit for the purchase of a firearm safety device.
Highlighted Provisions:
This bill:
▸ defines terms;
▸ enacts a nonrefundable individual income tax credit for the purchase of a firearm
safety device;
▸ prohibits taxpayers from claiming the tax credit more than once; and
▸ provides a repeal date for the tax credit.
Money Appropriated in this Bill:
None
Other Special Clauses:
This bill provides retrospective operation.
Utah Code Sections Affected:
AMENDS:
63I-2-259
, as last amended by Laws of Utah 2023, Chapters 7, 505
ENACTS:
59-10-1048
, Utah Code Annotated 1953
Be it enacted by the Legislature of the state of Utah:
Section 1. Section 
59-10-1048
 is enacted to read:
 59-10-1048.
Nonrefundable tax credit for purchase of firearm safety device.
(1) As used in this section:
(a) "Eligible claimant" means an individual who purchases a firearm safety device on
or after January 1, 2024, and before January 1, 2029.
(b) "Firearm" means the same as that term is defined in Section 
76-10-501
.
(c) (i) "Firearm safety device" means equipment designed to prevent the unauthorized
access to, or operation or discharge of, a firearm.
(ii) "Firearm safety device" includes:
(A) a device that, when installed on a firearm, is designed to prevent the firearm from
being operated without first deactivating the device; or
(B) a firearm safe, gun case, lock box, or other device designed for the purpose of
storing a firearm and equipped with a locking device that, when locked, prevents unauthorized
access to the firearm.
(2) An eligible claimant may claim a nonrefundable tax credit under this section in an
amount equal to the lesser of:
(a) the purchase price of the firearm safety device; or
(b) $300.
(3) An eligible claimant shall claim the tax credit described in Subsection (2) for the
taxable year in which the firearm safety device is purchased.
(4) An eligible claimant may not:
(a) claim more than one tax credit under this section; or
(b) carry forward or carry back the amount of the tax credit that exceeds the eligible
claimant's tax liability.
Section 2. Section 
63I-2-259
 is amended to read:
63I-2-259.
Repeal dates: Title 59.
(1) Subsection 
59-2-1317
(7)(b), relating to including information described in Section
19-3-114
 with the property tax notice, is repealed December 31, 2023.
(2) Subsection 
59-7-610
(8), relating to claiming a tax credit in the same taxable year as
the targeted business income tax credit, is repealed December 31, 2024.
(3) Subsection 
59-7-614.10
(5), relating to claiming a tax credit in the same taxable
year as the targeted business income tax credit, is repealed December 31, 2024.
(4) Section 
59-7-624
 is repealed December 31, 2024.
(5) Subsection 
59-10-210
(2)(b)(vi) is repealed December 31, 2024.
(6) Subsection 
59-10-1007
(8), relating to claiming a tax credit in the same taxable year
as the targeted business income tax credit, is repealed December 31, 2024.
(7) Subsection 
59-10-1037
(5), relating to claiming a tax credit in the same taxable year
as the targeted business income tax credit, is repealed December 31, 2024.
(8) Section 
59-10-1112
 is repealed December 31, 2024.
(9) Section 
59-10-1048
 is repealed December 31, 2029.
Section 3. 
Effective date.
This bill takes effect on May 1, 2024.
Section 4. 
Retrospective operation.
Section 
59-10-1048
 has retrospective operation for a taxable year beginning on or after
January 1, 2024.