House Bill No. by Representative Mandie Landry seeks to modify the definition of "eligible transaction" for the purpose of the firearm safety device purchase tax credit in Louisiana. 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, thereby broadening the scope of eligible dealers.

The provisions of this bill will apply to taxable periods beginning on or after January 1, 2025, and it will become effective upon the governor's signature or after the lapse of time for gubernatorial action. The tax credit remains unchanged in amount, allowing taxpayers to claim the cost incurred in purchasing firearm safety devices, up to a maximum of $500, as long as the purchase meets the new definition of an eligible transaction.

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