assembly Bill A8342

2017-2018 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 - Stricken


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

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Dec 15, 2017 enacting clause stricken
Jun 09, 2017 referred to ways and means

Co-Sponsors

A8342 (ACTIVE) - Details

See Senate Version of this Bill:
S192
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:
2009-2010: A7054, S2153
2011-2012: A5832, S231
2013-2014: A771, S1065
2015-2016: A5607, S3908
2019-2020: A2450, S2651

A8342 (ACTIVE) - Summary

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

A8342 (ACTIVE) - Bill Text download pdf


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

                                  8342

                       2017-2018 Regular Sessions

                          I N  A S S E M B L Y

                              June 9, 2017
                               ___________

Introduced by M. of A. KAVANAGH, TITONE -- read once and referred to the
  Committee 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 (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.
  § 2. This act shall take effect immediately and shall apply to taxable
years beginning on and after January 1, 2019.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01594-01-7

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