A5832A-2011 Actions

• Jan 18, 2012: print number 5832a
• Jan 18, 2012: amend and recommit to ways and means
• Jan 4, 2012: referred to ways and means
• Mar 2, 2011: referred to ways and means

A5832A-2011 Text

 S T A T E   O F   N E W   Y O R K
 
 5832--A
 2011-2012 Regular Sessions
 I N  ASSEMBLY
 March 2, 2011
 
 Introduced by M. of A. KAVANAGH -- read once and referred to the Commit
 tee  on  Ways  and  Means  -- recommitted to the Committee on Ways and
 Means in  accordance  with  Assembly  Rule  3,  sec.  2  --  committee
 discharged, bill amended, ordered reprinted as amended and recommitted
 to said committee
 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 (uu) to read as follows:

 (UU) 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, 2012.
 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD01304-03-1

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