Proposed in Congress:
H. R. 4151
IN THE HOUSE OF REPRESENTATIVES
April 3, 2000
Mr. BECERRA introduced the following bill;
To amend the Internal Revenue Code of 1986 to allow individuals a refundable credit against income tax for the fair market value of firearms turned in to local law enforcement agencies.
This Act may be cited as the `Gun Retrieval to Build Safer Communities Act'.
In the case of an individual, there shall be allowed as a credit an amount equal to the fair market value of any firearm turned in to a local law enforcement agency by such individual, but only if a program is in effect at such agency. The credit allowed by this section for any taxable year shall not exceed $500.
* * *
http://thomas.loc.gov/
H.R.4151
H. R. 4151
IN THE HOUSE OF REPRESENTATIVES
April 3, 2000
Mr. BECERRA introduced the following bill;
To amend the Internal Revenue Code of 1986 to allow individuals a refundable credit against income tax for the fair market value of firearms turned in to local law enforcement agencies.
This Act may be cited as the `Gun Retrieval to Build Safer Communities Act'.
In the case of an individual, there shall be allowed as a credit an amount equal to the fair market value of any firearm turned in to a local law enforcement agency by such individual, but only if a program is in effect at such agency. The credit allowed by this section for any taxable year shall not exceed $500.
* * *
http://thomas.loc.gov/
H.R.4151