STATE OF NEW YORK
________________________________________________________________________
1065--A
2013-2014 Regular Sessions
IN SENATE(Prefiled)
January 9, 2013
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Introduced by Sens. MAZIARZ, DeFRANCISCO, LANZA -- read twice and
ordered printed, and when printed to be committed to the Committee on
Investigations and Government Operations -- recommitted to the Commit-
tee 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 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.
LBD02083-02-4
