SB 954 Summary

• Exempts firearm safety devices from Michigan's sales and use tax for 90 days after the bill's effective date through December 31, 2021.

• Defines "firearm safety devices" as safes, lock boxes, trigger locks, barrel locks, and other items designed to enhance home firearm safety.

• Requires firearm sellers to provide written notice to purchasers and post conspicuous signage at all points of sale informing customers of the tax exemption.

• Requires the legislature to annually appropriate funds from the state general fund to the state school aid fund to fully compensate for any revenue loss resulting from this exemption.