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Senate Bill S5221B

2013-2014 Legislative Session

Provides a tax credit for the cost of purchasing a gun safe

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Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee

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Bill Amendments

2013-S5221 - Details

Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:
2015-2016: S2454
2017-2018: S191

2013-S5221 - Summary

Provides a tax credit for the cost of purchasing a gun safe.

2013-S5221 - Sponsor Memo

2013-S5221 - Bill Text download pdf 

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

                                  5221

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              May 14, 2013
                               ___________

Introduced by Sen. MARCHIONE -- read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment Operations

AN  ACT  to amend the tax law, in relation to providing a tax credit for
  the cost of purchasing a gun safe

  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 (ww) to read as follows:
  (WW) HOME DEFENSE TAX CREDIT. A RESIDENT TAXPAYER WHO PURCHASES A  GUN
SAFE  ON  OR  AFTER  JANUARY  FIFTEENTH,  TWO THOUSAND THIRTEEN SHALL BE
ALLOWED A CREDIT AGAINST THE TAX OTHERWISE IMPOSED UNDER THIS ARTICLE IN
AN AMOUNT EQUAL TO ONE-HALF OF THE COST OF SUCH GUN SAFE UP TO A MAXIMUM
OF FIVE HUNDRED DOLLARS.  AS USED IN THIS SUBSECTION, "GUN SAFE" MEANS A
CABINET OF METAL OR OTHER SUFFICIENTLY DURABLE MATERIAL EQUIPPED WITH  A
KEY  OR  COMBINATION LOCK DESIGNED TO SECURELY STORE RIFLES, SHOTGUNS OR
HANDGUNS.
  S 2. This act shall take effect immediately and shall apply to taxable
years beginning on or after January 1, 2013.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10766-02-3

2013-S5221A - Details

Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:
2015-2016: S2454
2017-2018: S191

2013-S5221A - Summary

Provides a tax credit for the cost of purchasing a gun safe.

2013-S5221A - Sponsor Memo

2013-S5221A - Bill Text download pdf 

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

                                 5221--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              May 14, 2013
                               ___________

Introduced by Sen. MARCHIONE -- read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment   Operations  --  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 cost of purchasing a gun safe

  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 (ww) to read as follows:
  (WW)  HOME  DEFENSE TAX CREDIT. (1) A RESIDENT TAXPAYER WHO PURCHASES,
UNLESS FOR RESALE, A GUN SAFE SHALL BE ALLOWED A CREDIT AGAINST THE  TAX
OTHERWISE  IMPOSED  UNDER THIS ARTICLE IN AN AMOUNT EQUAL TO TWENTY-FIVE
PERCENT OF THE COST OF SUCH GUN SAFE UP  TO  A  MAXIMUM  CREDIT  OF  TWO
HUNDRED  FIFTY DOLLARS.   AS USED IN THIS SUBSECTION, "GUN SAFE" MEANS A
CABINET OF METAL OR OTHER SUFFICIENTLY DURABLE MATERIAL EQUIPPED WITH  A
KEY  OR  COMBINATION LOCK DESIGNED TO SECURELY STORE RIFLES, SHOTGUNS OR
HANDGUNS.
  (2) IF THE AMOUNT OF THE CREDIT ALLOWED UNDER THIS SUBSECTION FOR  ANY
TAXABLE  YEAR  SHALL EXCEED THE TAXPAYER'S TAX FOR SUCH YEAR, THE EXCESS
SHALL BE TREATED AS AN OVERPAYMENT OF TAX TO BE CREDITED OR REFUNDED  IN
ACCORDANCE   WITH  SECTION  SIX  HUNDRED  EIGHTY-SIX  OF  THIS  ARTICLE,
PROVIDED, HOWEVER, THAT NO INTEREST SHALL BE PAID THEREON.
  S 2. This act shall take effect immediately and shall apply to taxable
years beginning on or after January 1, 2013.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10766-04-3

co-Sponsors

2013-S5221B (ACTIVE) - Details

Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:
2015-2016: S2454
2017-2018: S191

2013-S5221B (ACTIVE) - Summary

Provides a tax credit for the cost of purchasing a gun safe.

2013-S5221B (ACTIVE) - Sponsor Memo

2013-S5221B (ACTIVE) - Bill Text download pdf 

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

                                 5221--B

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              May 14, 2013
                               ___________

Introduced by Sen. MARCHIONE -- read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment   Operations  --  committee  discharged,  bill  amended,  ordered
  reprinted as amended and recommitted to said committee --  recommitted
  to  the  Committee  on  Investigations  and  Government  Operations in
  accordance with Senate Rule 6, sec. 8 --  committee  discharged,  bill
  amended,  ordered reprinted as amended and recommitted to said commit-
  tee

AN ACT to amend the tax law, in relation to providing a tax  credit  for
  the cost of purchasing a gun safe

  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 (bbb) is
added to read as follows:
  (BBB) HOME DEFENSE TAX CREDIT. A RESIDENT TAXPAYER WHO PURCHASES A GUN
SAFE ON OR AFTER JANUARY  FIFTEENTH,  TWO  THOUSAND  THIRTEEN  SHALL  BE
ALLOWED A CREDIT AGAINST THE TAX OTHERWISE IMPOSED UNDER THIS ARTICLE IN
AN AMOUNT EQUAL TO ONE-HALF OF THE COST OF SUCH GUN SAFE UP TO A MAXIMUM
OF FIVE HUNDRED DOLLARS.  AS USED IN THIS SUBSECTION, "GUN SAFE" MEANS A
CABINET  OF METAL OR OTHER SUFFICIENTLY DURABLE MATERIAL EQUIPPED WITH A
KEY OR COMBINATION LOCK DESIGNED TO SECURELY STORE RIFLES,  SHOTGUNS  OR
HANDGUNS.
  S 2. This act shall take effect immediately and shall apply to taxable
years beginning on or after January 1, 2014.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10766-05-4

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