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 is identical to HB 2595.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2025
Committee Review
Feb 2025
Senate Passage
Feb 2025
House of Delegates 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 converts SB 1389 from an enrolled draft to a chaptered law, making it officially part of Virginia's 2025 Acts of Assembly. The substantive content of the firearm safety device tax credit remains unchanged, including the $300 credit limit, eligibility requirements, and five-year carryover provision for unused credits.
Scope change
The bill's scope and applicability remain unchanged; it continues to apply to taxable years beginning on and after January 1, 2025.
TECHNICAL
The document format changed from draft legislative text to official chaptered law format, including the addition of Chapter 303 designation and approval date of March 21, 2025.
Minor formatting adjustments were made to the text layout, including indentation and line breaks, but the substantive policy language remained identical.
Floor votes · Senate Jan 29, 2025 · House of Delegates Feb 13, 2025
How they voted
38–0
Passed · 2 other
Total votes 40
Jan 29, 2025
D
Democratic21
100% Yea
R
Republican19
89% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
31
Key actions
11
Committee
5
Amendments
3
Mar 21, 2025
Signed into law
Approved by Governor-Chapter 303 (Effective 07/01/25)
executive
Feb 20, 2025
Upper · Passed
Signed by President
upper
Feb 18, 2025
Lower · Passed
Signed by Speaker
lower
Feb 18, 2025
Upper · Passed
Bill text as passed Senate and House (SB1389ER)
upper
Feb 13, 2025
Lower · Passed
Passed House (96-Y 0-N)
lower
Feb 10, 2025
Lower · Passed
Reported from Finance (20-Y 0-N)
lower
Feb 6, 2025
Committee
Referred to Committee on Finance
lower
Jan 31, 2025
Upper · Passed
Read third time and passed Senate (40-Y 0-N)
upper
Jan 30, 2025
Introduced
Engrossed by Senate as amended
upper
Jan 30, 2025
Upper · Passed
Courts of Justice Amendment agreed to
upper
Jan 30, 2025
Introduced
Reading of amendment waived
upper
Jan 29, 2025
Upper · Passed
Passed by for the day
upper
Jan 28, 2025
Upper · Passed
Reported from Finance and Appropriations (12-Y 3-N)
upper
Jan 22, 2025
Upper · Passed
Reported from Courts of Justice with amendment and rereferred to Finance and Appropriations (10-Y 1-N)
upper
Jan 13, 2025
Committee
Referred to Committee for Courts of Justice
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Kannan Srinivasan
DDemocratic
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