1. Short title This Act may be cited as the Prevent Family Fire Act of 2023 . 2. Safe firearm storage credit (a) In general Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: 45BB. Safe firearm storage credit (a) Allowance of credit For purposes of section 38, the safe firearm storage credit determined under this section for the taxable year is an amount equal to 10 percent of amounts received from the first retail sale of each safe firearm storage device sold by the taxpayer for use within the United States during the taxable year. (b) Limitations (1) $400 per device The amounts received from a first retail sale that are taken into account under subsection (a) with respect to a safe firearm storage device shall not exceed $400 per device. (2) Fair market value The amount taken into account under subsection (a) shall not include amounts in excess of the fair market value of such safe firearm storage device. (c) Definitions and special rules For purposes of this section— (1) Determination of price In determining price, there shall be excluded, if stated as a separate charge, the amount of any retail sales tax imposed by any State or political subdivision thereof or the District of Columbia, whether the liability for such tax is imposed on the vendor or vendee. (2) First retail sale The term first retail sale means the first sale, for a purpose other than for resale or leasing in a long-term lease, after production, manufacture, or importation. (3) Safe firearm storage device (A) In general The term safe firearm storage device means a device that is— (i) designed and marketed for the principal purpose of denying unauthorized access to, or rendering inoperable, a firearm or ammunition, and (ii) secured by a combination lock, key lock, or lock based on biometric information which— (I) is integrated into the design of the device, and (II) once locked, is incapable of being opened without the combination, key, or biometric