STATE OF NEW YORK
________________________________________________________________________
5607
2015-2016 Regular Sessions
IN ASSEMBLY
March 2, 2015
___________
Introduced by M. of A. KAVANAGH -- read once and referred to the Commit-
tee 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 (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, 2017.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD04879-01-5
