STATE OF NEW YORK
________________________________________________________________________
5221--B
2013-2014 Regular Sessions
IN SENATE
May 14, 2013
___________
Introduced by Sen. MARCHIONE -- read twice and ordered printed, and when
printed to be committed to the Committee on Investigations and Govern-
ment Operations -- committee discharged, bill amended, ordered
reprinted as amended and recommitted to said committee -- recommitted
to the Committee 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 commit-
tee
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. 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 (bbb) is
4 added to read as follows:
5 (bbb) Home defense tax credit. A resident taxpayer who purchases a gun
6 safe on or after January fifteenth, two thousand thirteen shall be
7 allowed a credit against the tax otherwise imposed under this article in
8 an amount equal to one-half of the cost of such gun safe up to a maximum
9 of five hundred dollars. As used in this subsection, "gun safe" means a
10 cabinet of metal or other sufficiently durable material equipped with a
11 key or combination lock designed to securely store rifles, shotguns or
12 handguns.
13 § 2. This act shall take effect immediately and shall apply to taxable
14 years beginning on or after January 1, 2014.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD10766-05-4
