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 Committee


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

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 17, 2014 print number 5221b
amend and recommit to investigations and government operations
Jan 08, 2014 referred to investigations and government operations
Jun 06, 2013 print number 5221a
amend and recommit to investigations and government operations
May 14, 2013 referred to investigations and government operations

Bill Amendments

Original
A
B (Active)
Original
A
B (Active)

S5221 - Bill Details

Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L

S5221 - Bill Texts

view summary

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

view sponsor memo
BILL NUMBER:S5221

TITLE OF BILL: An act to amend the tax law, in relation to providing
a tax credit for the cost of purchasing a gun safe

PURPOSE: To make more affordable the purchase of gun safes.

SUMMARY OF PROVISIONS:

Section one amends Section 606 of the Tax Law by adding a new
subsection (ww) which names this tax credit the Home Defense Tax
Credit. It provides a tax credit with a five hundred dollar maximum,
in an amount equal to one-half of the cost of a gun safe purchased by
a taxpayer on or after January 15, 2013. "Gun safe" is also defined.

Section two makes such tax credit applicable to taxable years
beginning on or after January 1, 2013.

EXISTING LAW: Currently, there is no tax credit for the purchase of a
gun safe.

JUSTIFICATION: The Second Amendment to the Constitution of the United
States enshrines the right of the people to keep and bear arms, which
is America's first freedom and vital to the preservation of personal
liberty. The use of a gun safe for the proper storage of firearms can
help safeguard homeowners and their families, while also ensuring that
a firearm is quickly and safely accessible in the event it is required
for personal protection or home defense. The provision of a state tax
credit to offset the costs of purchasing a gun safe is a responsible
public policy solution to promote the responsible storage of firearms,
the maintenance of a firearm for the defense of home and family, and
also to preserve the Second Amendment Constitutional rights of New
Yorkers to keep and bear arms.

LEGISLATIVE HISTORY: This is a new bill.

FISCAL IMPLICATIONS: To be determined.

EFFECTIVE DATE: Immediately.

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                    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

S5221A - Bill Details

Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L

S5221A - Bill Texts

view summary

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

view sponsor memo
BILL NUMBER:S5221A REVISED 6/17/13

TITLE OF BILL: An act to amend the tax law, in relation to providing
a tax credit for the cost of purchasing a gun safe

PURPOSE: To make more affordable the purchase of gun safes.

SUMMARY OF PROVISIONS:

Section one amends Section 606 of the Tax Law by adding a new
subsection (In) which names this tax credit the Home Defense Tax
Credit. It provides a refundable tax credit in an amount equal to
twenty-five percent of the cost of a gun safe up to a maximum credit
of two hundred fifty dollars purchased by a resident taxpayer on or
after January 15, 2013. "Gun safe" is also defined.

Section two makes such tax credit applicable to taxable years
beginning on or after January l, 2013.

EXISTING LAW: Currently, there is no tax credit for the purchase of a
gun safe.

JUSTIFICATION: The Second Amendment to the Constitution of the United
States enshrines the right of the people to keep and bear arms, which
is America's first freedom and vital to the preservation of personal
liberty. The use of a gun safe for the proper storage of firearms can
help safeguard homeowners and their families, while also ensuring that
a firearm is quickly and safely accessible in the event it is required
for personal protection or home defense. The provision of a state tax
credit to offset the costs of purchasing a gun safe is a responsible
public policy solution to promote the responsible storage of firearms,
the maintenance of a firearm for the defense of home and family, and
also to preserve the Second Amendment Constitutional rights of New
Yorkers to keep and bear arms.

LEGISLATIVE HISTORY: This is a new bill.

FISCAL IMPLICATIONS: There would be increased revenue generated in New
York's economy by additional sales of gun safes. Local economies will
benefit as those who purchased gun safes will receive their tax
credits and provide local stimulus. This tax credit would reduce
revenue to the State by $1 million in SPY 2013-14 and $3.4 million
annually thereafter.

EFFECTIVE DATE: Immediately.

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                    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

S5221B (ACTIVE) - Bill Details

Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L

S5221B (ACTIVE) - Bill Texts

view summary

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

view sponsor memo
BILL NUMBER:S5221B

TITLE OF BILL: An act to amend the tax law, in relation to providing
a tax credit for the cost of purchasing a gun safe

PURPOSE: To make more affordable the purchase of gun safes.

SUMMARY OF PROVISIONS:

Section one amends Section 606 of the Tax Law by adding a new
subsection (m) which names this tax credit the Home Defense Tax
Credit. It provides a refundable tax credit in an amount equal to
twenty-five percent of the cost of a gun safe up to a maximum credit
of two hundred fifty dollars purchased by a resident taxpayer on or
after January 15, 2013. "Gun safe" is also defined.

Section two makes such tax credit applicable to taxable years
beginning on or after January 1, 2014.

EXISTING LAW: Currently, there is no tax credit for the purchase of a
gun safe.

JUSTIFICATION: The Second Amendment to the Constitution of the United
States enshrines the right of the people to keep and bear arms, which
is America's first freedom and vital to the preservation of personal
liberty. The use of a gun safe for the proper storage of firearms can
help safeguard homeowners and their families, while also ensuring that
a firearm is quickly and safely accessible in the event it is required
for personal protection or home defense. The provision of a state tax
credit to offset the costs of purchasing a gun safe is a responsible
public policy solution to promote the responsible storage of firearms,
the maintenance of a firearm for the defense of home and family, and
also to preserve the Second Amendment Constitutional rights of New
Yorkers to keep and bear arms.

LEGISLATIVE HISTORY: This is a new bill.

FISCAL IMPLICATIONS: There would be increased revenue generated in New
York's economy by additional sales of gun safes. Local economies will
benefit as those who purchased gun safes will receive their tax
credits and provide local stimulus. This tax credit would reduce
revenue to the State by $3.4 million annually.

EFFECTIVE DATE: Immediately.

view full 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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