CO HB1128

Creates a Colorado income tax credit equal to the purchase price of firearm safety devices (gun safes, lock boxes, gun cases), with a maximum credit of $200 per taxpayer per year

Requires purchases to be made from federally licensed firearms dealers; the purchase of firearms themselves does not qualify for the credit

Available only for tax years 2027 and 2028, with unused credits eligible to be carried forward for up to 5 years

Caps total aggregate credits claimed statewide at $5 million per tax year, awarded on a first-come, first-served basis

The tax credit provision automatically repeals on December 31, 2038