The bill amends the Use Tax Act to exempt the storage, use, or consumption of firearm safety devices from the sales and use tax in Michigan. Specifically, it establishes that the tax does not apply to these devices and mandates that sellers provide written notice to purchasers and display a conspicuous notice at points of sale indicating this exemption. The language previously stating that this exemption would only be in effect until December 31, 2024, has been removed, making the exemption indefinite.

Additionally, 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 clarifies that display cabinets primarily intended for showcasing firearms do not qualify as firearm safety devices. The legislature also expresses its intent to ensure that any revenue loss to the state school aid fund due to this exemption will be compensated through annual appropriations from the state general fund.

Statutes affected:
Substitute (H-2): 205.94
House Introduced Bill: 205.94
As Passed by the House: 205.94