House Bill No. introduced by a group of legislators establishes an income tax credit aimed at offsetting the cost of a federally required firearm suppressor tax stamp. The bill allows taxpayers to claim a credit for the cost of one tax stamp, with the maximum credit amount set at either the cost of the stamp or $50, whichever is lesser. If a taxpayer's tax liability is less than the credit claimed, the credit must be refunded. The purpose of this tax credit is to promote safety by protecting shooters from long-term hearing damage associated with firearm use.

The bill includes several new sections that outline the credit's definition, effective date, applicability, and termination. Specifically, it states that the act will take effect on January 1, 2026, and will apply to income tax years beginning on or after that date. Additionally, the act is set to terminate on December 31, 2027. The language also clarifies that the definition of a "firearm suppressor tax stamp" pertains to stamps required for federal registration of silencers or mufflers.