S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  5607

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                              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:

  Section  1.  Section  606  of  the  tax law is amended by adding a new
subsection (ccc) to read as follows:
  (CCC) A TAXPAYER SHALL BE ALLOWED A CREDIT  AS  HEREINAFTER  PROVIDED,
AGAINST THE TAX IMPOSED BY THIS ARTICLE FOR THE PURCHASE, OTHER THAN FOR
RESALE,  OF  GUN SAFES OR VAULTS, FIREARM SAFETY LOCKS, TRIGGER LOCKS OR
OTHER ITEMS  DESIGNED  TO  ENSURE  THE  SAFE  HANDLING  AND  STORAGE  OF
FIREARMS.  THE AMOUNT OF CREDIT SHALL BE EQUAL TO TWENTY-FIVE PERCENT OF
THE COST TO THE TAXPAYER OF THE PURCHASE OF SUCH  FIREARM  SAFETY  ITEMS
DURING  THE TAXABLE YEAR, SUCH CREDIT NOT TO EXCEED FIVE HUNDRED DOLLARS
PER YEAR.
  S 2. This act shall take effect immediately and shall apply to taxable
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