Bill Text: NY S00231 | 2011-2012 | 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: Moderate Partisan Bill (Republican 5-1)
Status: (Introduced - Dead) 2012-05-02 - REPORTED AND COMMITTED TO FINANCE [S00231 Detail]
Download: New_York-2011-S00231-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
231
2011-2012 Regular Sessions
I N S E N A T E
(PREFILED)
January 5, 2011
___________
Introduced by Sens. MAZIARZ, DeFRANCISCO, DIAZ, JOHNSON, LANZA, RANZEN-
HOFER -- read twice and ordered printed, and when printed to be
committed to the Committee on Investigations and Government Operations
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 (ss) to read as follows:
3 (SS) 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 TO 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, 2011.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD01304-01-1
