US SB1884 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on June 18 2019 - 25% progression, died in committee
Action: 2019-06-18 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 18 2019 - 25% progression, died in committee
Action: 2019-06-18 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance 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.
Title
SAFETY Act Start Advancing Firearms Enhancements and Technology Act of 2019
Sponsors
Sen. Christopher Murphy [D-CT] | Sen. Richard Blumenthal [D-CT] |
History
Date | Chamber | Action |
---|---|---|
2019-06-18 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB942 (Related) 2019-01-31 - Referred to the House Committee on Ways and Means.
Subjects
Advanced technology and technological innovations
Firearms and explosives
Income tax credits
Income tax deductions
Licensing and registrations
Research and development
Sales and excise taxes
Small business
Taxation
Firearms and explosives
Income tax credits
Income tax deductions
Licensing and registrations
Research and development
Sales and excise taxes
Small business
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/1884/all-info |
Text | https://www.congress.gov/116/bills/s1884/BILLS-116s1884is.pdf |