assembly Bill A771A

2013-2014 Legislative Session

Relates to providing a tax credit for the purchase of gun safety equipment

download bill text pdf

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Archive: Last Bill Status - In Assembly Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (4)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 23, 2014 print number 771a
Jan 23, 2014 amend and recommit to ways and means
Jan 08, 2014 referred to ways and means
Jan 09, 2013 referred to ways and means

A771 - Details

See Senate Version of this Bill:
S1065
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:
2009-2010: A7054, S2153
2011-2012: A5832, S231
2015-2016: A5607, S3908
2017-2018: A8342, A8998, S192
2019-2020: A2450, S2651

A771 - Summary

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

A771 - Bill Text download pdf

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

                                   771

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced by M. of A. KAVANAGH -- read once and referred to the Commit-
  tee 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 (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

A771A (ACTIVE) - Details

See Senate Version of this Bill:
S1065
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:
2009-2010: A7054, S2153
2011-2012: A5832, S231
2015-2016: A5607, S3908
2017-2018: A8342, A8998, S192
2019-2020: A2450, S2651

A771A (ACTIVE) - Summary

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

A771A (ACTIVE) - Bill Text download pdf

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

                                 771--A

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 9, 2013
                               ___________

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. Subsections (yy) and (zz) of section 606 of the tax law, as
relettered  by section 5 of part H of chapter 1 of the laws of 2003, are
relettered subsections (yyy) and (zzz) and  a  new  subsection  (xx)  is
added to read as follows:
  (XX)  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, 2015.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02083-03-4

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