HB 2595 Virginia House of Delegates · 2025 Regular Session

Firearm safety device tax credit; defines commercial retailer.

Summary

Firearm safety device tax credit; definitions. Redefines an "eligible transaction" for purposes of the firearm safety device tax credit as one in which a taxpayer purchases one or more firearm safety devices from a commercial retailer, as defined in the bill. Current law defines "eligible transaction" as one in which a taxpayer purchases one or more firearm safety devices from a federally licensed dealer. The provisions of the bill apply to taxable years beginning on and after January 1, 2025. This bill incorporates HB 1581 and is identical to SB 1389.

Issues: ✓ Budget & Taxes

Bill status signed all 5 stages cleared

Introduction

Jan 2025

Committee Review

Feb 2025

House of Delegates Passage

Feb 2025

Senate Passage

Feb 2025

Signed into Law

Mar 2025

Introduced Jan 13, 2025 Signed Mar 21, 2025

Maddy AI version diff · 3 comparisons

What changed between versions

Enrolled → Chaptered · 2 edits

MINOR

This bill formally enacts the previously approved Firearm Safety Device Tax Credit into law by assigning it a chapter number and a specific approval date. It also updates the title to clarify that the law includes a new definition for 'commercial retailer'.

Scope change

The bill's scope is now formally defined with a specific chapter number (Chapter 289) and approval date (March 21, 2025), moving it from a draft status to an official act.

TECHNICAL

Added the official chapter number (Chapter 289) and the specific approval date (March 21, 2025) to finalize the bill as an enacted law.

DEFINITION

Updated the bill title to explicitly state that it defines the term 'commercial retailer', indicating a new definition will be included in the text.

Floor votes · Senate Feb 6, 2025 · House of Delegates Jan 28, 2025

How they voted

40–0

Passed

Total votes 40

Feb 6, 2025

D Democratic21

21 Yea

100% Yea

R Republican19

19 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 21, 2025

Signed into law

Approved by Governor-Chapter 289 (Effective 07/01/25)

executive

Feb 13, 2025

Upper · Passed

Signed by President

upper

Feb 10, 2025

Lower · Passed

Signed by Speaker

lower

Feb 10, 2025

Lower · Passed

Bill text as passed House and Senate (HB2595ER)

lower

Feb 7, 2025

Upper · Passed

Passed Senate (39-Y 0-N)

upper

Feb 6, 2025

Upper · Passed

Passed by for the day

upper

Feb 5, 2025

Upper · Passed

Reported from Finance and Appropriations (13-Y 0-N)

upper

Jan 29, 2025

Committee

Referred to Committee on Finance and Appropriations

upper

Jan 28, 2025

Lower · Passed

Passed House (99-Y 0-N)

lower

Jan 28, 2025

Lower · Passed

Read third time and passed House (97-Y 2-N)

lower

Jan 22, 2025

Lower · Passed

Reported from Finance with substitute (22-Y 0-N)

lower

Jan 20, 2025

Committee

Assigned Finance sub: Subcommittee #2

lower

Jan 13, 2025

Committee

Referred to Committee on Finance

lower

1 primary · 2 co-sponsors