Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2016 |
referred to investigations and government operations |
Jan 23, 2015 |
referred to investigations and government operations |
Senate Bill S2454
2015-2016 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
co-Sponsors
(R, C, IP) Senate District
2015-S2454 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A8203
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd ยง606, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2013-2014:
S5221
2017-2018: S191, A1668
2015-S2454 (ACTIVE) - Sponsor Memo
BILL NUMBER:S2454 REVISED 5/21/15 TITLE OF BILL: An act to amend the tax law, in relation to providing a tax credit for the cost of purchasing a gun safe PURPOSE: To make more affordable the purchase of gun safes. SUMMARY OF PROVISIONS: Section one amends Section 606 of the Tax Law by adding a new subsection (ccc) which names this tax credit the Home Defense Tax Credit. It provides a refundable tax credit in an amount equal to twenty-five percent of the cost of a gun safe up to a maximum credit of two hundred fifty dollars purchased by a resident taxpayer on or after January 15, 2013. "Gun safe" is also defined. Section two makes such tax credit applicable to taxable years beginning on or after January 1, 2013. EXISTING LAW: Currently, there is no tax credit for the purchase of a gun safe. JUSTIFICATION: The Second Amendment to the Constitution of the United States enshrines the right of the people to keep and bear arms, which is America's first freedom and vital to the preservation of personal liberty. The use of a gun safe for the proper storage of firearms can
2015-S2454 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2454 2015-2016 Regular Sessions I N S E N A T E 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: Section 1. Section 606 of the tax law is amended by adding a new subsection (ccc) to read as follows: (CCC) HOME DEFENSE TAX CREDIT. A RESIDENT TAXPAYER WHO PURCHASES A GUN SAFE ON OR AFTER JANUARY FIFTEENTH, TWO THOUSAND THIRTEEN SHALL BE ALLOWED A CREDIT AGAINST THE TAX OTHERWISE IMPOSED UNDER THIS ARTICLE IN AN AMOUNT EQUAL TO ONE-HALF OF THE COST OF SUCH GUN SAFE UP TO A MAXIMUM OF FIVE HUNDRED DOLLARS. AS USED IN THIS SUBSECTION, "GUN SAFE" MEANS A CABINET OF METAL OR OTHER SUFFICIENTLY DURABLE MATERIAL EQUIPPED WITH A KEY OR COMBINATION LOCK DESIGNED TO SECURELY STORE RIFLES, SHOTGUNS OR HANDGUNS. S 2. This act shall take effect immediately and shall apply to taxable 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
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