BILL NUMBER:  S192

 TITLE OF BILL :

An act to amend the tax law, in relation to providing a tax credit for
the purchase of items relating to firearm safety

 PURPOSE :

To provide a tax credit to those that purchase gun safety equipment
such as safes and vaults, or safety and trigger locks.

 SUMMARY OF PROVISIONS :

Section 1 amends tax law by adding a new subsection (ccc) providing a
twenty-five percent tax credit, "not to exceed five hundred dollars
per year, for the purchase of gun safes and vaults, firearm safety
locks, trigger locks, and other such items designed to ensure the safe
handling and storage of firearms.

Section 2 is the effective date.

 JUSTIFICATION :

Gun safes and vaults provide a mechanism to keep guns out of unwanted
hands, both children and buglers. In addition, safety and trigger
              

locks render them unusable to anyone other than the owner. This
legislation provides an incentive for those that own guns to keep them
out of the reach of unwanted hands, and to prevent accidental firing
or use by anyone who could have stolen such a weapon. This legislation
is a practical way to encourage gun owners to invest in gun safes and
locks. Storing firearms safely helps prevent them from falling into
the wrong hands and protects against gun accidents resulting from
misuse. Nearly one-third of all violent crime in the United States is
committed with guns stolen from the homes of law abiding Americans.
This legislation should unite people from all ideologies concerned
with protecting the welfare of children and securing homes.

 LEGISLATIVE HISTORY :

2015-16: Referred to Investigations and Government Operations
2013-14: Referred to Investigations and Government Operations
2011-12: Reported and Committed to Finance
2005-10: Referred to Investigations and Government Operations

 FISCAL IMPLICATIONS :

Minimal.

 EFFECTIVE DATE :
Immediately.