Bill Text: NY S03908 | 2015-2016 | General Assembly | Amended
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 2-0)
Status: (Introduced - Dead) 2016-02-08 - AMEND BY RESTORING TO ORIGINAL PRINT 3908 [S03908 Detail]
Download: New_York-2015-S03908-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 3908--A 2015-2016 Regular Sessions IN SENATE February 20, 2015 ___________ Introduced by Sens. MARCHIONE, FUNKE -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations -- recommitted to the Committee on Investi- gations 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 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 (ccc) to read as follows: 3 (ccc) 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 § 2. This act shall take effect immediately and shall apply to taxable 12 years beginning on and after January 1, 2018. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD04879-02-6
