STATE OF NEW YORK
________________________________________________________________________
2454
2015-2016 Regular Sessions
IN SENATE
January 23, 2015
___________
Introduced by Sens. MARCHIONE, LITTLE -- 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 cost of purchasing a gun safe
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) Home defense tax credit. A resident taxpayer who purchases a gun
4 safe on or after January fifteenth, two thousand thirteen shall be
5 allowed a credit against the tax otherwise imposed under this article in
6 an amount equal to one-half of the cost of such gun safe up to a maximum
7 of five hundred dollars. As used in this subsection, "gun safe" means a
8 cabinet of metal or other sufficiently durable material equipped with a
9 key or combination lock designed to securely store rifles, shotguns or
10 handguns.
11 § 2. This act shall take effect immediately and shall apply to taxable
12 years beginning on or after January 1, 2013.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD02480-01-5
