Prevent Family Fire Act of 2025

Tax Credit for Retailers: Under Section 2(a), taxpayers can receive a credit equal to 10 percent of the amount received from the first retail sale of a safe firearm storage device. This provides a financial incentive related to the sale of these products (Section 2(a)).

Specific Device Standards: The bill defines a "safe firearm storage device" as one designed to deny unauthorized access to or render insoperable a firearm or ammunition using integrated locks (Section 2(c)(3)(A)). This establishes a standard for what qualifies for the credit.

Limitations on Credit Amount: The credit is subject to a limit of $400 per device, which may prevent the full benefit from being realized for higher-priced items (Section 2(b)(1)).

Exclusions from Credit: The credit cannot be claimed for devices that are incorporated into the design of a firearm or ammunition, or for devices that have been subject to a mandatory recall by the Consumer Product Safety Commission (Section 2(c)(3)(B)).

Recapture of Benefits: The Secretary of the Treasury is authorized to recapture the credit if it is claimed improperly or excessively, and may require specific documentation or registration for this purpose (Section 2(d)(1)-(2)).

Expiration of the Credit: The new provision is set to terminate, meaning it will not apply to any sales occurring after December 31, 2032 (Section 2(c)(4)).