| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Jan 05, 2022 |
referred to budget and revenue |
| Jan 19, 2021 |
referred to budget and revenue |
Senate Bill S2094
2021-2022 Legislative Session
Sponsored By
(R, C, IP, RFM) Senate District
Archive: Last Bill Status - In Senate Committee Budget And Revenue Committee
Actions
co-Sponsors
(R, C) 54th Senate District
2021-S2094 (ACTIVE) - Details
2021-S2094 (ACTIVE) - Sponsor Memo
BILL NUMBER: S2094
SPONSOR: JORDAN
TITLE OF BILL:
An act to amend the tax law, in relation to providing a tax credit for
the purchase of items relating to firearm safety
PURPOSE:
To provide a tax credit to those that purchase gun safety equipment such
as safes and vaults, or safety and trigger locks.
SUMMARY OF PROVISIONS:
Section 1 amends tax law by adding a new subsection (ccc) providing a
twenty-five percent tax credit, "not to exceed five hundred dollars per
year, for the purchase of gun safes and vaults, firearm safety locks,
trigger locks, and other such items designed to ensure the safe handling
and storage of firearms.
2021-S2094 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
2094
2021-2022 Regular Sessions
I N S E N A T E
January 19, 2021
___________
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 (kkk) to read as follows:
(KKK) 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, 2023.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD01342-01-1
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