Exempts from the sales tax firearm safety equipment, storage devices, gun safes, gun cabinets, gun vaults, gun cases, strong boxes, cable locks, trigger locks and biometric locks.

1. **ONE-SENTENCE SUMMARY:** This bill proposes to exempt certain firearm safety equipment and storage devices from sales tax in Rhode Island. 2. **KEY REQUIREMENTS:** - Update your sales tax collection practices to not charge sales tax on specified firearm safety items (e.g., gun safes, locks). - Ensure your inventory systems reflect these changes for accurate pricing. 3. **DEADLINES:** - The bill is currently introduced and has not yet passed; monitor for updates on the effective date if it becomes law. 4. **PENALTIES:** - If enacted, businesses may face fines for incorrectly charging sales tax on exempt items, but specific penalties will be outlined in the final legislation. 5. **SMB IMPACT:** Small businesses selling firearm safety equipment will benefit from increased sales due to the tax exemption, making these products more attractive to customers. However, they will need to adjust their sales processes to comply with the new tax rules if the bill passes.