Bill Text: NY S00191 | 2017-2018 | General Assembly | Amended

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Bill Title: Provides a refundable tax credit in an amount equal to fifty percent of the cost of a gun safe up to a maximum credit of five hundred dollars.

Spectrum: Partisan Bill (Republican 8-0)

Status: (Introduced - Dead) 2018-01-24 - PRINT NUMBER 191A [S00191 Detail]

Download: New_York-2017-S00191-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         191--A
                               2017-2018 Regular Sessions
                    IN SENATE
                                       (Prefiled)
                                     January 4, 2017
                                       ___________
        Introduced  by  Sens. MARCHIONE, GALLIVAN, HELMING, LITTLE, RANZENHOFER,
          RITCHIE, SEWARD, TEDISCO -- read twice and ordered printed,  and  when
          printed to be committed to the Committee on Investigations and Govern-
          ment  Operations -- recommitted to the Committee on Investigations and
          Government Operations in accordance with Senate  Rule  6,  sec.  8  --
          committee  discharged,  bill amended, ordered reprinted as amended and
          recommitted to said committee
        AN ACT to amend the tax law, in relation to providing a tax  credit  for
          the cost of purchasing a gun safe
          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 (ccc) to read as follows:
     3    (ccc) Home defense tax credit. A resident taxpayer who purchases a gun
     4  safe  on  or  after  January  fifteenth,  two thousand thirteen shall be
     5  allowed a credit against the tax otherwise imposed under this article in
     6  an amount equal to one-half of the cost of such gun safe up to a maximum
     7  of five hundred dollars.  As used in this subsection, "gun safe" means a
     8  cabinet of metal or other sufficiently durable material equipped with  a
     9  key  or  combination lock designed to securely store rifles, shotguns or
    10  handguns.
    11    § 2. This act shall take effect immediately and shall apply to taxable
    12  years beginning on or after January 1, 2018.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02972-02-8