Provides a 25% tax credit against personal income taxes for the purchase of gun safety equipment up to $500.

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S1065-2013 Actions

• Jan 9, 2013: REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

S1065-2013 Memo

BILL NUMBER:S1065

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 section (vv) 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.

Sections 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:
S.231A/A5832A of 2011-2012; Reported and Committed to Finance
S.2153/ A.7054 of 2009/2010; Referred to Senate Investigations and
Government Operations Committee
S.955 of 2007/2008; Referred to Senate Investigations and Government
Operations Committee
S.6770 of 2005-2006; Referred to Senate Investigations and Government
Operations Committee

FISCAL IMPLICATIONS:
Minimal.

EFFECTIVE DATE:
Immediately.

S1065-2013 Text

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

                                    1065

                         2013-2014 Regular Sessions

                              I N  SENATE

                                 (PREFILED)

                               January 9, 2013
                                 ___________

  Introduced  by  Sens.  MAZIARZ,  DeFRANCISCO,  LANZA  --  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 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 (vv) to read as follows:

    (VV) 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, 2014.




   EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                        [ ] is old law to be omitted.
                                                             LBD02083-01-3