HR 1272119th CongressIn Committee

Secure Storage Information Act of 2025

Introduced: Feb 12, 2025

Standard Summary

Comprehensive overview in 1-2 paragraphs

The Secure Storage Information Act of 2025 would (1) require federal firearms licensees (FFLs) to provide prospective firearm transferees with federally prescribed information about secure firearm storage, (2) mandate that FFLs carry a variety of secure storage devices in their stores, (3) establish a six-month regulatory timeline for the Attorney General to define the storage information, (4) create a new gun safe tax credit for individuals who purchase qualified gun safes, and (5) set dates for when these provisions take effect. Overall, the bill aims to promote safer storage of firearms to reduce risks such as suicide, accidents, theft, and related violence, while encouraging safe storage purchases through a tax credit. Key elements include requiring transfer information to be provided at the point of sale, expanding in-store storage-device offerings, and offering a lifetime tax credit (up to $500) for qualified gun safes. The combination signals a policy shift toward normative messaging about storage safety and economic incentives to invest in securing firearms.

Key Points

1Mandatory secure storage information to transferees
2- FFLS must provide information on secure storage with any firearm transfer, as prescribed by the Attorney General.
3- The information must cover unloading, away from unauthorized access and children, separation from ammunition, use of locking devices, the importance/risks of secure storage, and guidance on secure devices (including safes and lock boxes) versus basic locks.
4AG rulemaking timeline and contents
5- The Attorney General must prescribe the required secure storage information within six months of enactment.
6- Information must include storage best practices, risk data (suicide, homicide, school violence, unintentional shootings, theft), and guidance on the advantages of safes/lock boxes.
7Expanded in-store storage-device offerings
8- Amends 18 U.S.C. to require licensed dealers to stock a variety of secure storage devices (full-size safes, lock boxes/lockers, gun cases, cable and trigger locks).
9Effective date
10- Provisions in sections 2 and 3 take effect six months after enactment.
11Gun Safe Credit (tax policy)
12- Introduces a new Sec. 25F in the Internal Revenue Code: a nonrefundable tax credit for individuals equal to amounts paid for a qualified gun safe.
13- The lifetime credit cap is $500 per taxpayer (credit cannot exceed $500 minus any prior credits under this section).
14- A “qualified gun safe” must be new-to-taxpayer, bought to store firearms (not for resale), designed for secure, fully-contained storage, and unlockable only by authorized users (keys, combinations, biometrics, etc.).
15- Credit reduces the basis of the property and cannot be claimed if it would mirror another deduction (no double benefit).
16- Applies to taxable years beginning after enactment.

Impact Areas

Primary- Federal firearms licensees (FFLs): new obligations to provide guaranteed storage information and to maintain a varied inventory of secure-storage devices.- Prospective firearm transferees: receive standardized storage guidance at the point of sale, potentially influencing purchasing decisions and storage practices.Secondary- Gun storage device retailers: potential increase in demand for safes, lock boxes, and related devices due to in-store requirements and consumer rebates.- Individual gun owners and new buyers: eligible for the gun safe tax credit, incentivizing purchase of secure storage.Additional impacts- Public safety and injury prevention: aim to reduce firearm suicides, accidental shootings, theft, and school-related violence through better storage practices.- Regulatory/administrative: new regulatory framework for the AG to prescribe information; potential compliance costs for FFLs and minor tax administration implications for the IRS.- Fiscal: tax credit could affect federal revenue (through reduced tax receipts) but is capped; broader economic effects depend on uptake and behavior changes in safe purchases.The bill specifies that the transfer information is to be prescribed by the Attorney General, and the rules would apply to transfers to anyone not licensed under the firearms laws.The “gun safe credit” creates a one-time-ish lifetime incentive (up to $500 per taxpayer) for purchasing a qualified safe, with standard tax basis adjustments and no double-dip with deductions.

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