Virginia 2024 Regular Session Status: Enacted

HB 35 — Firearm safety device tax credit; expands definition of device.

Last action — Acts of Assembly Chapter text (CHAP0522)

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed House of Delegates
  4. ✓
    Passed Senate
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced December 18, 2023. Enacted.

Signed by Governor Glenn Youngkin (Republican) on April 05, 2024.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Likely to advance 80% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • 25 sponsors

    1 primary, 24 co-sponsors signed on.

  • Cleared a recorded vote

    Passed 8 recorded votes so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

Firearm safety device tax credit; definition of firearm safety device. Expands the definition of "firearm safety device" as it relates to the firearm safety device tax credit to include any device that, when installed on a firearm, is designed to prevent the firearm from being operated without first deactivating the device. The provisions of the bill are effective for taxable years beginning on and after January 1, 2024. This bill incorporates HB 945.

Bill Text

What changed in the latest version

38 added · 38 removed

Plain-language change summary

The revised bill adds clarity to the definition of a "firearm safety device" and establishes a tax credit for those who purchase such devices. It specifies that the credit applies only for purchases made from federally licensed dealers and sets the time frame for eligibility to be from January 1, 2024, to December 31, 2027. This change is significant because it not only encourages the use of safety devices to promote responsible firearm ownership but also provides a financial incentive for individuals to invest in safety measures.

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SESSION ENROLLED VIRGINIA ACTS OF ASSEMBLY –– CHAPTER E An Act to amend and reenact § 58.1-339.14 of the Code of Virginia, relating to firearm safety device tax credit;
VIRGINIA ACTS OF ASSEMBLY -- 2024 SESSION CHAPTER 522 An Act to amend and reenact § 58.1-339.14 of the Code of Virginia, relating to firearm safety device tax credit;
R O [H 35] L Approved Be it enacted by the General Assembly of Virginia:
[H 35] Approved April 5, 2024 Be it enacted by the General Assembly of Virginia:
L 1.
1.
E § 58.1-339.14.
§ 58.1-339.14.
D "Eligible transaction" means a transaction in which a taxpayer purchases one or more firearm safety devices from a dealer that is federally licensed pursuant to 18 U.S.C.
"Eligible transaction" means a transaction in which a taxpayer purchases one or more firearm safety devices from a dealer that is federally licensed pursuant to 18 U.S.C.
An "eligible transaction" sha"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.
An "eligible transaction" shall not include the purchase of a firearm.
"Firearm safety device" means (i) any device that, when installed on a firearm, is designed Ho prevent the firearm from being operated without first deactivating the device or (ii) a safe, g3n safe, gun case, lock box, or other device that is designed to be or can be used to store a firearm and thEt is desB.
readily be converted to expel single or multiple projectiles by action of an explosion of a combustible material.
"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.
The aggregate amount of credits allowable under this section first-come, first-served basis.
The aggregate amount of credits allowable under this section shall not exceed $5 million per taxable year.
taxable year.
Credits shall be allocated by the Department on a first-come, first-served basis.
Credits shall be allocated by the Department on a C.
C.
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 hasD.
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.
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Action History

  1. Acts of Assembly Chapter text (CHAP0522)

  2. Approved by Governor-Chapter 522 (effective 7/1/24 - see bill)

  3. Governor's Action Deadline 11:59 p.m., April 8, 2024

  4. Enrolled Bill communicated to Governor on March 11, 2024

  5. Signed by President

  6. Signed by Speaker

  7. Impact statement from TAX (HB35ER)

  8. Bill text as passed House and Senate (HB35ER)

  9. Enrolled

  10. Passed Senate (39-Y 0-N)

  11. Read third time

  12. Passed by for the day

  13. Read third time

  14. Constitutional reading dispensed (39-Y 0-N)

  15. Reported from Courts of Justice (15-Y 0-N)

  16. Impact statement from TAX (HB35H1)

  17. Referred to Committee for Courts of Justice

  18. Constitutional reading dispensed

  19. VOTE: Passage (73-Y 25-N)

  20. Read third time and passed House (73-Y 25-N)

  21. Engrossed by House - committee substitute HB35H1

  22. Committee on Public Safety substitute agreed to 24106936D-H1

  23. Committee on Finance amendment rejected

  24. Read second time

  25. Read first time

  26. Incorporates HB945 (Lopez)

  27. Committee substitute printed 24106936D-H1

  28. Reported from Public Safety with substitute (22-Y 0-N)

  29. Subcommittee recommends reporting with substitute (9-Y 0-N)

  30. Assigned PS sub: Firearms

  31. Referred to Committee on Public Safety

  32. Reported from Finance with amendment(s) (19-Y 2-N)

  33. Subcommittee recommends referring to Committee on Public Safety

  34. Subcommittee recommends reporting with amendments (8-Y 0-N)

  35. House subcommittee amendments and substitutes offered

  36. Assigned Finance sub: Subcommittee #1

  37. Impact statement from TAX (HB35)

  38. Referred to Committee on Finance

  39. Prefiled and ordered printed; offered 01/10/24 24101243D

Sponsors

Sponsorship breakdown

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1 sponsors · 24 co-sponsors · 123 not signed on · 25 voted No

Sponsors (1)

Co-sponsors (24)

Not signed on (123)

123 members have not signed on to this bill.

Show all 123 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Passed Senate (39-Y 0-N)

Passed 39 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 39001
Total 39001
% of votes cast 98%0%0%3%
How each member voted (40)
Member Party Vote
Aaron R. Rouse — Yea
Angelia Williams Graves — Not Voting
Barbara A. Favola — Yea
Bill DeSteph — Yea
Bryce E. Reeves — Yea
Carroll Foy, Jennifer D. — Yea
Christie New Craig — Yea
Christopher T. Head — Yea
Danica A. Roem — Yea
David R. Suetterlein — Yea
David W. Marsden — Yea
Ebbin, Adam P. — Yea
Emily M. Jordan — Yea
Glen H. Sturtevant, Jr. — Yea
Hashmi, Ghazala F. — Yea
J.D. "Danny" Diggs — Yea
Jennifer B. Boysko — Yea
Jeremy S. McPike — Yea
L. Louise Lucas — Yea
Lamont Bagby — Yea
Lashrecse D. Aird — Yea
Mamie E. Locke — Yea
Mark D. Obenshain — Yea
Mark J. Peake — Yea
McGuire, John J., III — Yea
R. Creigh Deeds — Yea
Richard H. Stuart — Yea
Russet Perry — Yea
Ryan T. McDougle — Yea
Saddam Azlan Salim — Yea
Schuyler T. VanValkenburg — Yea
Scott A. Surovell — Yea
Stella G. Pekarsky — Yea
Subramanyam, Suhas — Yea
T. Travis Hackworth — Yea
Tammy Brankley Mulchi — Yea
Tara A. Durant — Yea
Timmy French — Yea
Todd E. Pillion — Yea
William M. Stanley, Jr. — Yea

Official roll call →

Constitutional reading dispensed (39-Y 0-N)

Passed 39 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 39001
Total 39001
% of votes cast 98%0%0%3%
How each member voted (40)
Member Party Vote
Aaron R. Rouse — Yea
Angelia Williams Graves — Yea
Barbara A. Favola — Yea
Bill DeSteph — Yea
Bryce E. Reeves — Yea
Carroll Foy, Jennifer D. — Yea
Christie New Craig — Yea
Christopher T. Head — Yea
Danica A. Roem — Yea
David R. Suetterlein — Yea
David W. Marsden — Yea
Ebbin, Adam P. — Yea
Emily M. Jordan — Yea
Glen H. Sturtevant, Jr. — Yea
Hashmi, Ghazala F. — Yea
J.D. "Danny" Diggs — Yea
Jennifer B. Boysko — Yea
Jeremy S. McPike — Yea
L. Louise Lucas — Yea
Lamont Bagby — Yea
Lashrecse D. Aird — Yea
Mamie E. Locke — Yea
Mark D. Obenshain — Yea
Mark J. Peake — Yea
McGuire, John J., III — Yea
R. Creigh Deeds — Yea
Richard H. Stuart — Yea
Russet Perry — Yea
Ryan T. McDougle — Yea
Saddam Azlan Salim — Yea
Schuyler T. VanValkenburg — Yea
Scott A. Surovell — Yea
Stella G. Pekarsky — Yea
Subramanyam, Suhas — Yea
T. Travis Hackworth — Yea
Tammy Brankley Mulchi — Yea
Tara A. Durant — Yea
Timmy French — Yea
Todd E. Pillion — Yea
William M. Stanley, Jr. — Not Voting

Official roll call →

Reported from Courts of Justice (15-Y 0-N)

Passed 15 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 15000
Total 15000
% of votes cast 100%0%0%0%
How each member voted (15)
Member Party Vote
Carroll Foy, Jennifer D. — Yea
Emily M. Jordan — Yea
Jennifer B. Boysko — Yea
Lamont Bagby — Yea
Lashrecse D. Aird — Yea
Mark D. Obenshain — Yea
Mark J. Peake — Yea
R. Creigh Deeds — Yea
Richard H. Stuart — Yea
Russet Perry — Yea
Ryan T. McDougle — Yea
Saddam Azlan Salim — Yea
Scott A. Surovell — Yea
Subramanyam, Suhas — Yea
William M. Stanley, Jr. — Yea

Official roll call →

VOTE: Passage (73-Y 25-N)

Passed 72 Yea · 25 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 722502
Total 722502
% of votes cast 73%25%0%2%
How each member voted (99)
Member Party Vote
Adele Y. McClure — Yea
Alex Q. Askew — Yea
Alfonso H. Lopez — Yea
Amy J. Laufer — Yea
Anne Ferrell Tata — Nay
Arnold, Jonathan, E. P. — Nay
Atoosa R. Reaser — Yea
Batten, Amanda E. — Yea
Betsy B. Carr — Yea
Bill Wiley — Nay
Bonita G. Anthony — Yea
Briana D. Sewell — Yea
Bulova, David L. — Yea
C.E. Cliff Hayes, Jr. — Yea
Charniele L. Herring — Yea
Chris S. Runion — Nay
Convirs-Fowler, Kelly K. — Yea
Cordoza, A.C. — Yea
Coyner, Carrie E. — Yea
Dan I. Helmer — Yea
David A. Reid — Yea
Debra D. Gardner — Yea
Delores L. McQuinn — Yea
Delores Oates — Nay
Earley, Mark L., Jr. — Yea
Elizabeth B. Bennett-Parker — Yea
Ellen H. McLaughlin — Not Voting
Ennis, N. Baxter — Nay
Eric Phillips — Yea
Eric R. Zehr — Nay
Fowler, Hyland F."Buddy," Jr. — Yea
Freitas, Nicholas J. — Nay
Gilbert, C. Todd — Nay
Green, W. Chad — Yea
H. Otto Wachsmann, Jr. — Yea
Higgins, Geary — Yea
Holly M. Seibold — Yea
Irene Shin — Yea
Israel D. O'Quinn — Nay
Jackie H. Glass — Yea
James A. "Jay" Leftwich — Yea
James W. Morefield — Nay
Jason S. Ballard — Yea
Jeion A. Ward — Yea
Joseph P. McNamara — Yea
Joshua E. Thomas — Yea
Joshua G. Cole — Yea
Kannan Srinivasan — Yea
Karen Keys-Gamarra — Yea
Karrie K. Delaney — Yea
Kathy K.L. Tran — Yea
Katrina Callsen — Yea
Kent, Hillary Pugh — Nay
Knight, Barry D. — Yea
Laura Jane Cohen — Yea
LeVere Bolling, Destiny — Yea
Lovejoy, Ian T. — Yea
Luke E. Torian — Yea
M. Keith Hodges — Nay
Maldonado, Michelle Lopes — Yea
Marcia S. "Cia" Price — Yea
Marcus B. Simon — Yea
Marshall, Daniel W., III — Yea
Marty Martinez — Yea
Michael B. Feggans — Yea
Michael J. Jones — Yea
Michael J. Webert — Nay
Mike A. Cherry — Yea
Milde, Paul V. — Nay
Mundon King, Candi — Yea
Nadarius E. Clark — Yea
Obenshain, Chris — Yea
Orrock, Robert D., Sr. — Nay
Owen, David — Nay
Patrick A. Hope — Yea
Paul E. Krizek — Yea
Phil M. Hernandez — Yea
Phillip A. Scott — Nay
R. Lee Ware — Not Voting
Rae Cousins — Yea
Richard C. "Rip" Sullivan, Jr. — Yea
Robert S. Bloxom, Jr. — Yea
Rodney T. Willett — Yea
Rozia A. Henson, Jr. — Yea
Sam Rasoul — Yea
Scott A. Wyatt — Nay
Shelly A. Simonds — Yea
Sickles, Mark D. — Yea
Taylor, Kim A. — Yea
Terry G. Kilgore — Nay
Terry L. Austin — Yea
Thomas A. Garrett, Jr. — Nay
Thomas C. Wright, Jr. — Nay
Timothy P. Griffin — Nay
Tony O. Wilt — Yea
Vivian E. Watts — Yea
Wendell S. Walker — Yea
Will Davis — Nay
Wren M. Williams — Nay

Official roll call →

Reported from Public Safety with substitute (22-Y 0-N)

Passed 22 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 22000
Total 22000
% of votes cast 100%0%0%0%
How each member voted (22)
Member Party Vote
Adele Y. McClure — Yea
Alfonso H. Lopez — Yea
Batten, Amanda E. — Yea
Cordoza, A.C. — Yea
Dan I. Helmer — Yea
Delores Oates — Yea
Ennis, N. Baxter — Yea
Eric Phillips — Yea
Holly M. Seibold — Yea
Joshua E. Thomas — Yea
Marcus B. Simon — Yea
Michael B. Feggans — Yea
Michael J. Webert — Yea
Mundon King, Candi — Yea
Nadarius E. Clark — Yea
Obenshain, Chris — Yea
Owen, David — Yea
Patrick A. Hope — Yea
Rae Cousins — Yea
Sam Rasoul — Yea
Taylor, Kim A. — Yea
Tony O. Wilt — Yea

Official roll call →

Subcommittee recommends reporting with substitute (9-Y 0-N)

Passed 9 Yea · 0 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 9002
Total 9002
% of votes cast 82%0%0%18%
How each member voted (11)
Member Party Vote
Adele Y. McClure — Yea
Cordoza, A.C. — Yea
Dan I. Helmer — Yea
Ennis, N. Baxter — Yea
Holly M. Seibold — Yea
Marcus B. Simon — Not Voting
Michael B. Feggans — Yea
Nadarius E. Clark — Yea
Owen, David — Yea
Rae Cousins — Yea
Taylor, Kim A. — Not Voting

Official roll call →

Reported from Finance with amendment(s) (19-Y 2-N)

Passed 19 Yea · 2 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 19201
Total 19201
% of votes cast 86%9%0%5%
How each member voted (22)
Member Party Vote
Amy J. Laufer — Yea
Bonita G. Anthony — Yea
Chris S. Runion — Not Voting
Debra D. Gardner — Yea
Elizabeth B. Bennett-Parker — Yea
Fowler, Hyland F."Buddy," Jr. — Yea
Freitas, Nicholas J. — Nay
Joseph P. McNamara — Yea
Karen Keys-Gamarra — Yea
Kathy K.L. Tran — Yea
Katrina Callsen — Yea
Kent, Hillary Pugh — Yea
Mundon King, Candi — Yea
Orrock, Robert D., Sr. — Yea
Phil M. Hernandez — Yea
R. Lee Ware — Yea
Richard C. "Rip" Sullivan, Jr. — Yea
Shelly A. Simonds — Yea
Thomas A. Garrett, Jr. — Nay
Vivian E. Watts — Yea
Wendell S. Walker — Yea
Will Davis — Yea

Official roll call →

Subcommittee recommends reporting with amendments (8-Y 0-N)

Passed 8 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 8001
Total 8001
% of votes cast 89%0%0%11%
How each member voted (9)
Member Party Vote
Debra D. Gardner — Yea
Fowler, Hyland F."Buddy," Jr. — Yea
Joseph P. McNamara — Yea
Karen Keys-Gamarra — Yea
Kathy K.L. Tran — Yea
Mundon King, Candi — Yea
Phil M. Hernandez — Yea
Vivian E. Watts — Not Voting
Will Davis — Yea

Official roll call →

Subjects

public-safety taxation
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Frequently asked questions

What does HB 35 do?
Firearm safety device tax credit; definition of firearm safety device. Expands the definition of "firearm safety device" as it relates to the firearm safety device tax credit to include any device that, when installed on a firearm, is designed to prevent the firearm from being operated without first deactivating the device. The provisions of the bill are effective for taxable years beginning on and after January 1, 2024. This bill incorporates HB 945.
Who sponsors HB 35?
HB 35 is sponsored by Debra D. Gardner, Rozia A. Henson, Jr., Patrick A. Hope, Michael J. Jones, Amy J. Laufer, Marty Martinez, Sam Rasoul, Holly M. Seibold, Irene Shin, Shelly A. Simonds, Jeion A. Ward, Rodney T. Willett, Lamont Bagby, J.D. "Danny" Diggs, Saddam Azlan Salim, Nadarius E. Clark, Jackie H. Glass, Alfonso H. Lopez, Adele Y. McClure, Bonita G. Anthony, Alex Q. Askew, Katrina Callsen, Laura Jane Cohen, Kelly K. Convirs-Fowler, and Michelle Lopes Maldonado.
What is the current status of HB 35?
This bill has been enacted into law. Introduced December 18, 2023. Enacted.
Where can I track HB 35?
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