This bill amends the General Sales Tax Act to exempt the sale of firearm safety devices from sales and use tax in Michigan. The exemption is effective immediately and will remain in place until December 31, 2024. Additionally, it mandates that sellers provide written notice to purchasers and display a conspicuous notice at points of sale, informing customers of the tax exemption on firearm safety devices.

The bill defines "firearm safety device" as equipment designed to prevent unauthorized access to or operation of a firearm, including devices that deactivate the firearm or secure storage options like gun safes and lockboxes. However, it explicitly excludes display cabinets primarily intended for showcasing firearms. Furthermore, the legislature intends to appropriate sufficient funds from the state general fund to the state school aid fund to compensate for any revenue loss resulting from this tax exemption.

Statutes affected:
Substitute (H-2): 205.54
House Introduced Bill: 205.54
As Passed by the House: 205.54