senate Bill S3908

2015-2016 Legislative Session

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

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Investigations And Government Operations 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 (5)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Feb 08, 2016 amend by restoring to original print 3908
Jan 11, 2016 amend and recommit to investigations and government operations
Jan 06, 2016 referred to investigations and government operations
Feb 20, 2015 referred to investigations and government operations
Jan 11, 2016 print number 3908a

Co-Sponsors

S3908 - Details

See Assembly Version of this Bill:
A5607
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in Previous Legislative Sessions:
2013-2014: S1065A, A771A
2011-2012: S231A, A5832A
2009-2010: S2153, A7054

S3908 - Summary

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

S3908 - Sponsor Memo

S3908 - Bill Text download pdf

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

                                  3908

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            February 20, 2015
                               ___________

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 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 (ccc) to read as follows:
  (CCC) 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, 2017.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04879-01-5

Co-Sponsors

S3908A - Details

See Assembly Version of this Bill:
A5607
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in Previous Legislative Sessions:
2013-2014: S1065A, A771A
2011-2012: S231A, A5832A
2009-2010: S2153, A7054

S3908A - Summary

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

S3908A - Sponsor Memo

S3908A - Bill Text download pdf

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

                                 3908--A

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            February 20, 2015
                               ___________

Introduced  by Sens. MARCHIONE, FUNKE -- read twice and ordered printed,
  and when printed to be committed to the  Committee  on  Investigations
  and  Government Operations -- recommitted to the Committee on Investi-
  gations and Government Operations in accordance with  Senate  Rule  6,
  sec.  8  --  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 (ccc) to read as follows:
  (CCC)  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, 2018.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04879-02-6

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