MI SB0955

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

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

Requires firearm sellers to provide written notice to purchasers and post conspicuous notices at all points of sale stating the tax exemption for firearm safety devices.

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