S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2450
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 22, 2019
                                ___________
 
 Introduced  by  M. of A. FAHY -- read once and referred to the Committee
   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 (jjj) to read as follows:
   (JJJ)  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.
   § 2. This act shall take effect immediately and shall apply to taxable
 years beginning on and after January 1, 2021.
 
 
 
 

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02297-01-9