STATE OF NEW YORK
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771--A
2013-2014 Regular Sessions
IN ASSEMBLY(Prefiled)
January 9, 2013
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Introduced by M. of A. KAVANAGH -- read once and referred to the Commit-
tee on Ways and Means -- recommitted to the Committee on Ways and
Means in accordance with Assembly Rule 3, sec. 2 -- 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. Subsections (yy) and (zz) of section 606 of the tax law, as
2 relettered by section 5 of part H of chapter 1 of the laws of 2003, are
3 relettered subsections (yyy) and (zzz) and a new subsection (xx) is
4 added to read as follows:
5 (xx) A taxpayer shall be allowed a credit as hereinafter provided,
6 against the tax imposed by this article for the purchase, other than for
7 resale, of gun safes or vaults, firearm safety locks, trigger locks or
8 other items designed to ensure the safe handling and storage of
9 firearms. The amount of credit shall be equal to twenty-five percent of
10 the cost to the taxpayer of the purchase of such firearm safety items
11 during the taxable year, such credit not to exceed five hundred dollars
12 per year.
13 § 2. This act shall take effect immediately and shall apply to taxable
14 years beginning on and after January 1, 2015.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD02083-03-4
