House Bill No. 211, introduced by Representative Mandie Landry, seeks to modify the definition of "eligible transaction" for the income tax credit related to the purchase of firearm safety devices. The bill amends R.S. 47:297.24(A)(1) to redefine an "eligible transaction" as a Louisiana sales transaction where a taxpayer purchases one or more firearm safety devices from a dealer required to collect sales and use tax on the sale of the device. This change removes the previous requirement that the dealer must be federally licensed, which was specified in the existing law.

The proposed changes will take effect for taxable periods beginning on or after January 1, 2025, and will become effective upon the governor's signature or after the lapse of time for gubernatorial action. The bill retains the existing provisions regarding the income tax credit amount, which is capped at the cost incurred for the purchase of the firearm safety devices or $500, whichever is less.

Statutes affected:
HB211 Original: 47:24(A)(1)
HB211 Engrossed: 47:24(A)(1)