senate Bill S2651

2019-2020 Legislative Session

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

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Budget And Revenue 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 (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 28, 2019 referred to budget and revenue

Co-Sponsors

S2651 (ACTIVE) - Details

See Assembly Version of this Bill:
A2450
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:
2009-2010: S2153, A7054
2011-2012: S231, A5832
2013-2014: S1065, A771
2015-2016: S3908, A5607
2017-2018: S192, A8342, A8998

S2651 (ACTIVE) - Summary

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

S2651 (ACTIVE) - Sponsor Memo

S2651 (ACTIVE) - Bill Text download pdf


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

                                  2651

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                            January 28, 2019
                               ___________

Introduced  by  Sen.  JORDAN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Budget and Revenue

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 (jjj) to read as follows:
  (JJJ)  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, 2021.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02297-01-9

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