{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/58.1-339.14.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/58.1-339.14.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/58.1-339.14.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/58.1-339.14.html"}],"law_id":74716,"edition_id":1,"section_id":74716,"structure_id":14016,"section_number":"58.1-339.14","catch_line":"Firearm safety device tax credit","history":"2023, c. 220; 2024, c. 522; 2025, cc. 289, 303.","full_text":"A\n\nFor the purposes of this section:\n\t\t\t“Commercial retailer” means a business that sells goods or services to customers in a retail setting and is properly registered as a dealer pursuant to § 58.1-613.\n\t\t\t“Eligible transaction” means a transaction in which a taxpayer purchases one or more firearm safety devices from a commercial retailer. An “eligible transaction” does not include the purchase of a firearm.\n\t\t\t“Firearm” means any handgun, shotgun, rifle, or other firearm that will or is designed to or may readily be converted to expel single or multiple projectiles by action of an explosion of a combustible material.\n\t\t\t“Firearm safety device” means (i) any device that, when installed on a firearm, is designed to prevent the firearm from being operated without first deactivating the device or (ii) a safe, gun safe, gun case, lock box, or other device that is designed to be or can be used to store a firearm and that is designed to be unlocked only by means of a key, a combination, or other similar means.B\n\nFor taxable years beginning on and after January 1, 2024, but before January 1, 2028, a taxpayer shall be allowed a nonrefundable credit against the tax levied pursuant to § 58.1-320 for up to $300 for the cost incurred in the purchase of one or more firearm safety devices in an eligible transaction. A taxpayer shall be allowed only one credit under this section per taxable year. The taxpayer shall submit purchase receipts with the income tax return to verify the amount of purchase price paid for the firearm safety device or firearm safety devices. The aggregate amount of credits allowable under this section shall not exceed $5 million per taxable year. Credits shall be allocated by the Department on a first-come, first-served basis.C\n\nThe amount of the credit that may be claimed in any single taxable year shall not exceed the individual’s liability for taxes imposed by this chapter for that taxable year. If the amount of the credit allowed under this section exceeds the individual’s tax liability for the taxable year in which the eligible transaction occurred, the amount that exceeds the tax liability may be carried over for credit against the income taxes of the individual in the next five taxable years or until the total amount of the tax credit has been taken, whichever is sooner.D\n\nThe Tax Commissioner shall develop guidelines for claiming the credit provided by this section. Such guidelines shall be exempt from the provisions of the Administrative Process Act (§ 2.2-4000 et seq.).","order_by":null,"text":{"0":{"id":268532,"text":"For the purposes of this section:\n\t\t\t“Commercial retailer” means a business that sells goods or services to customers in a retail setting and is properly registered as a dealer pursuant to § 58.1-613.\n\t\t\t“Eligible transaction” means a transaction in which a taxpayer purchases one or more firearm safety devices from a commercial retailer. An “eligible transaction” does not include the purchase of a firearm.\n\t\t\t“Firearm” means any handgun, shotgun, rifle, or other firearm that will or is designed to or may readily be converted to expel single or multiple projectiles by action of an explosion of a combustible material.\n\t\t\t“Firearm safety device” means (i) any device that, when installed on a firearm, is designed to prevent the firearm from being operated without first deactivating the device or (ii) a safe, gun safe, gun case, lock box, or other device that is designed to be or can be used to store a firearm and that is designed to be unlocked only by means of a key, a combination, or other similar means.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":268533,"text":"For taxable years beginning on and after January 1, 2024, but before January 1, 2028, a taxpayer shall be allowed a nonrefundable credit against the tax levied pursuant to § 58.1-320 for up to $300 for the cost incurred in the purchase of one or more firearm safety devices in an eligible transaction. A taxpayer shall be allowed only one credit under this section per taxable year. The taxpayer shall submit purchase receipts with the income tax return to verify the amount of purchase price paid for the firearm safety device or firearm safety devices. The aggregate amount of credits allowable under this section shall not exceed $5 million per taxable year. Credits shall be allocated by the Department on a first-come, first-served basis.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":268534,"text":"The amount of the credit that may be claimed in any single taxable year shall not exceed the individual’s liability for taxes imposed by this chapter for that taxable year. If the amount of the credit allowed under this section exceeds the individual’s tax liability for the taxable year in which the eligible transaction occurred, the amount that exceeds the tax liability may be carried over for credit against the income taxes of the individual in the next five taxable years or until the total amount of the tax credit has been taken, whichever is sooner.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":268535,"text":"The Tax Commissioner shall develop guidelines for claiming the credit provided by this section. Such guidelines shall be exempt from the provisions of the Administrative Process Act (§ 2.2-4000 et seq.).","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C"}},"ancestry":[{"id":14016,"edition_id":1,"name":"Tax Credits for Individuals","identifier":"3","label":"article","depth":4,"order_by":1,"parent_id":13152,"metadata":{},"date_created":"2026-06-26 03:46:37","date_modified":"2026-06-26 03:46:37","permalink":{"id":254153,"object_type":"structure","relational_id":14016,"identifier":"3","token":"58.1\/I\/3\/3","url":"\/58.1\/I\/3\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13152,"edition_id":1,"name":"Income Tax","identifier":"3","label":"chapter","depth":3,"order_by":1,"parent_id":12837,"metadata":{},"date_created":"2026-06-26 03:44:21","date_modified":"2026-06-26 03:44:21","permalink":{"id":253267,"object_type":"structure","relational_id":13152,"identifier":"3","token":"58.1\/I\/3","url":"\/58.1\/I\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12837,"edition_id":1,"name":"Taxes Administered by the Department of Taxation","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12703,"metadata":{},"date_created":"2026-06-26 03:43:55","date_modified":"2026-06-26 03:43:55","permalink":{"id":252075,"object_type":"structure","relational_id":12837,"identifier":"I","token":"58.1\/I","url":"\/58.1\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12703,"edition_id":1,"name":"Taxation","identifier":"58.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":251959,"object_type":"structure","relational_id":12703,"identifier":"58.1","token":"58.1","url":"\/58.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":79817,"structure_id":14016,"section_number":"58.1-330","catch_line":"Repealed","url":"\/58.1-330\/","token":"58.1\/I\/3\/3\/58.1-330","metadata":false},{"id":69848,"structure_id":14016,"section_number":"58.1-331","catch_line":"Repealed","url":"\/58.1-331\/","token":"58.1\/I\/3\/3\/58.1-331","metadata":false},{"id":85325,"structure_id":14016,"section_number":"58.1-332","catch_line":"Credits for taxes paid other states","url":"\/58.1-332\/","token":"58.1\/I\/3\/3\/58.1-332","metadata":false},{"id":77703,"structure_id":14016,"section_number":"58.1-332.1","catch_line":"Credit for taxes paid to a foreign country on retirement income","url":"\/58.1-332.1\/","token":"58.1\/I\/3\/3\/58.1-332.1","metadata":false},{"id":65718,"structure_id":14016,"section_number":"58.1-332.2","catch_line":"(Applicable for taxable years beginning on or after January 1, 2007) Definition of income tax","url":"\/58.1-332.2\/","token":"58.1\/I\/3\/3\/58.1-332.2","metadata":false},{"id":72337,"structure_id":14016,"section_number":"58.1-333","catch_line":"Repealed","url":"\/58.1-333\/","token":"58.1\/I\/3\/3\/58.1-333","metadata":false},{"id":73300,"structure_id":14016,"section_number":"58.1-334","catch_line":"Tax credit for purchase of conservation tillage equipment","url":"\/58.1-334\/","token":"58.1\/I\/3\/3\/58.1-334","metadata":false},{"id":64999,"structure_id":14016,"section_number":"58.1-335","catch_line":"Repealed","url":"\/58.1-335\/","token":"58.1\/I\/3\/3\/58.1-335","metadata":false},{"id":76356,"structure_id":14016,"section_number":"58.1-336","catch_line":"Repealed","url":"\/58.1-336\/","token":"58.1\/I\/3\/3\/58.1-336","metadata":false},{"id":80901,"structure_id":14016,"section_number":"58.1-337","catch_line":"Tax credit for purchase of conservation tillage and precision agriculture equipment","url":"\/58.1-337\/","token":"58.1\/I\/3\/3\/58.1-337","metadata":false},{"id":84005,"structure_id":14016,"section_number":"58.1-338","catch_line":"Expired","url":"\/58.1-338\/","token":"58.1\/I\/3\/3\/58.1-338","metadata":false},{"id":68217,"structure_id":14016,"section_number":"58.1-339","catch_line":"Repealed","url":"\/58.1-339\/","token":"58.1\/I\/3\/3\/58.1-339","metadata":false},{"id":66380,"structure_id":14016,"section_number":"58.1-339.1","catch_line":"Repealed","url":"\/58.1-339.1\/","token":"58.1\/I\/3\/3\/58.1-339.1","metadata":false},{"id":61287,"structure_id":14016,"section_number":"58.1-339.10","catch_line":"Riparian forest buffer protection for waterways tax 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credit","url":"\/58.1-339.2\/","token":"58.1\/I\/3\/3\/58.1-339.2","metadata":false},{"id":65078,"structure_id":14016,"section_number":"58.1-339.3","catch_line":"Agricultural best management practices tax credit","url":"\/58.1-339.3\/","token":"58.1\/I\/3\/3\/58.1-339.3","metadata":false},{"id":62148,"structure_id":14016,"section_number":"58.1-339.4","catch_line":"Qualified equity and subordinated debt investments tax credit","url":"\/58.1-339.4\/","token":"58.1\/I\/3\/3\/58.1-339.4","metadata":false},{"id":69444,"structure_id":14016,"section_number":"58.1-339.5","catch_line":"Repealed","url":"\/58.1-339.5\/","token":"58.1\/I\/3\/3\/58.1-339.5","metadata":false},{"id":64454,"structure_id":14016,"section_number":"58.1-339.6","catch_line":"Political candidate contribution tax credit","url":"\/58.1-339.6\/","token":"58.1\/I\/3\/3\/58.1-339.6","metadata":false},{"id":77593,"structure_id":14016,"section_number":"58.1-339.7","catch_line":"Livable Home Tax Credit","url":"\/58.1-339.7\/","token":"58.1\/I\/3\/3\/58.1-339.7","metadata":false},{"id":59088,"structure_id":14016,"section_number":"58.1-339.8","catch_line":"Income tax credit for low-income taxpayers","url":"\/58.1-339.8\/","token":"58.1\/I\/3\/3\/58.1-339.8","metadata":false},{"id":55105,"structure_id":14016,"section_number":"58.1-339.9","catch_line":"Repealed","url":"\/58.1-339.9\/","token":"58.1\/I\/3\/3\/58.1-339.9","metadata":false}],"previous_section":{"id":65669,"structure_id":14016,"section_number":"58.1-339.13","catch_line":"Reforestation and afforestation tax credit","url":"\/58.1-339.13\/","token":"58.1\/I\/3\/3\/58.1-339.13","metadata":false},"next_section":{"id":68940,"structure_id":14016,"section_number":"58.1-339.2","catch_line":"Historic rehabilitation tax credit","url":"\/58.1-339.2\/","token":"58.1\/I\/3\/3\/58.1-339.2","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-339.14\/","history_text":"

This law was first created in 2023. The record of its establishment is cataloged in chapter 220<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 2024, chapter 522<\/a>; in 2025, chapters 289<\/a> and 303<\/a>.<\/p>","references":false,"refers_to":[{"id":86911,"section_number":"2.2-4000","catch_line":"Short title; purpose","order_by":null,"url":"\/2.2-4000\/"},{"id":62270,"section_number":"58.1-320","catch_line":"Imposition of tax","order_by":null,"url":"\/58.1-320\/"},{"id":67446,"section_number":"58.1-613","catch_line":"Dealers' certificates of registration","order_by":null,"url":"\/58.1-613\/"}],"permalink":{"id":254223,"object_type":"law","relational_id":74716,"identifier":"58.1-339.14","token":"58.1\/I\/3\/3\/58.1-339.14","url":"\/58.1-339.14\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/58.1-339.14\/","token":"58.1\/I\/3\/3\/58.1-339.14","dublin_core":{"Title":"Firearm safety device tax credit","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-339.14","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> For the purposes of this section:\n\t\t\t“Commercial retailer<\/span>” means a business that sells goods or services to customers in a retail setting and is properly registered as a dealer pursuant to § 58.1-613<\/a>.\n\t\t\t“Eligible transaction<\/span>” means a transaction in which a taxpayer<\/span> purchases one or more firearm safety devices<\/span> from a commercial retailer<\/span>. An “eligible transaction<\/span>” does not include the purchase of a firearm.\n\t\t\t“Firearm” means any handgun, shotgun, rifle, or other firearm that will or is designed to or may readily be converted to expel single or multiple projectiles by action of an explosion of a combustible material<\/span>.\n\t\t\t“Firearm safety device<\/span>” means (i) any device that, when installed on a firearm, is designed to prevent the firearm from being operated without first deactivating the device or (ii) a safe, gun safe, gun case, lock box, or other device that is designed to be or can be used to store a firearm and that is designed to be unlocked only by means of a key, a combination, or other similar means. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> For taxable years beginning on and after January 1, 2024, but before January 1, 2028, a taxpayer<\/span> shall be allowed a nonrefundable credit against the tax levied pursuant to § 58.1-320<\/a> for up to $300 for the cost incurred in the purchase of one or more firearm safety devices<\/span> in an eligible transaction<\/span>. A taxpayer<\/span> shall be allowed only one credit under this section per taxable year. The taxpayer<\/span> shall submit purchase receipts with the income tax return to verify the amount of purchase price paid for the firearm safety device<\/span> or firearm safety devices<\/span>. The aggregate amount of credits allowable under this section shall not exceed $5 million per taxable year. Credits shall be allocated by the Department<\/span> on a first-come, first-served basis. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The amount of the credit that may be claimed in any single taxable year shall not exceed the individual<\/span>’s liability for taxes imposed by this chapter for that taxable year. If the amount of the credit allowed under this section exceeds the individual<\/span>’s tax liability for the taxable year in which the eligible transaction<\/span> occurred, the amount that exceeds the tax liability may be carried over for credit against the income taxes of the individual<\/span> in the next five taxable years or until the total amount of the tax credit has been taken, whichever is sooner. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> The Tax Commissioner<\/span> shall develop guidelines for claiming the credit provided by this section. Such guidelines shall be exempt from the provisions of the Administrative Process Act (§ 2.2-4000<\/a> et seq.). <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nFIREARM SAFETY DEVICE TAX CREDIT (\u00a7 58.1-339.14)\n\nA. For the purposes of this section:\n\t\t\t“Commercial retailer” means a business that sells goods or\nservices to customers in a retail setting and is properly registered as a dealer\npursuant to § 58.1-613.\n\t\t\t“Eligible transaction” means a transaction in which a taxpayer\npurchases one or more firearm safety devices from a commercial retailer. An\n“eligible transaction” does not include the purchase of a firearm.\n\t\t\t“Firearm” means any handgun, shotgun, rifle, or other firearm\nthat will or is designed to or may readily be converted to expel single or\nmultiple projectiles by action of an explosion of a combustible material.\n\t\t\t“Firearm safety device” means (i) any device that, when installed\non a firearm, is designed to prevent the firearm from being operated without\nfirst deactivating the device or (ii) a safe, gun safe, gun case, lock box, or\nother device that is designed to be or can be used to store a firearm and that\nis designed to be unlocked only by means of a key, a combination, or other\nsimilar means.\n\nB. For taxable years beginning on and after January 1, 2024, but before January\n1, 2028, a taxpayer shall be allowed a nonrefundable credit against the tax\nlevied pursuant to § 58.1-320 for up to $300 for the cost incurred in the\npurchase of one or more firearm safety devices in an eligible transaction. A\ntaxpayer shall be allowed only one credit under this section per taxable year.\nThe taxpayer shall submit purchase receipts with the income tax return to verify\nthe amount of purchase price paid for the firearm safety device or firearm\nsafety devices. The aggregate amount of credits allowable under this section\nshall not exceed $5 million per taxable year. Credits shall be allocated by the\nDepartment on a first-come, first-served basis.\n\nC. The amount of the credit that may be claimed in any single taxable year shall\nnot exceed the individual’s liability for taxes imposed by this chapter\nfor that taxable year. If the amount of the credit allowed under this section\nexceeds the individual’s tax liability for the taxable year in which the\neligible transaction occurred, the amount that exceeds the tax liability may be\ncarried over for credit against the income taxes of the individual in the next\nfive taxable years or until the total amount of the tax credit has been taken,\nwhichever is sooner.\n\nD. The Tax Commissioner shall develop guidelines for claiming the credit\nprovided by this section. Such guidelines shall be exempt from the provisions of\nthe Administrative Process Act (§ 2.2-4000 et seq.).\n\nHISTORY: 2023, c. 220; 2024, c. 522; 2025, cc. 289, 303.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}