The bill amends the General Sales Tax Act to provide a sales tax exemption for firearm safety devices. This exemption will be in effect from May 13, 2024, through December 31, 2025. During this period, sellers of firearms are required to provide written notice to purchasers and display a conspicuous notice at points of sale, informing customers that the sale of firearm safety devices is exempt from sales and use tax.

Additionally, the bill defines "firearm safety device" as equipment designed to prevent unauthorized access to or operation of a firearm. This includes devices that prevent a firearm from being operated without deactivation and secure storage options like gun safes or lockboxes. However, it explicitly excludes display cabinets primarily intended for showcasing firearms.

Statutes affected:
House Introduced Bill: 205.54