Bill Text: NY A07054 | 2009-2010 | General Assembly | Introduced
Bill Title: Provides a 25% tax credit against personal income taxes for the purchase of gun safety equipment up to $500.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2010-07-01 - held for consideration in ways and means [A07054 Detail]
Download: New_York-2009-A07054-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
7054
2009-2010 Regular Sessions
I N A S S E M B L Y
March 19, 2009
___________
Introduced by M. of A. BALL -- read once and referred to the Committee
on Ways and Means
AN ACT to amend the tax law, in relation to providing a tax credit for
the purchase of items relating to firearm safety
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. Section 606 of the tax law is amended by adding a new
2 subsection (qq) to read as follows:
3 (QQ) A TAXPAYER SHALL BE ALLOWED A CREDIT AS HEREINAFTER PROVIDED,
4 AGAINST THE TAX IMPOSED BY THIS ARTICLE FOR THE PURCHASE, OTHER THAN FOR
5 RESALE, OF GUN SAFES OR VAULTS, FIREARM SAFETY LOCKS, TRIGGER LOCKS OR
6 OTHER ITEMS DESIGNED TO ENSURE THE SAFE HANDLING AND STORAGE OF
7 FIREARMS. THE AMOUNT OF CREDIT SHALL BE EQUAL TO TWENTY-FIVE PERCENT OF
8 THE COST OF THE TAXPAYER OF THE PURCHASE OF SUCH FIREARM SAFETY ITEMS
9 DURING THE TAXABLE YEAR, SUCH CREDIT NOT TO EXCEED FIVE HUNDRED DOLLARS
10 PER YEAR.
11 S 2. This act shall take effect immediately and shall apply to taxable
12 years beginning on and after January 1, 2009.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD04625-01-9
