What's happening
This bill creates a tax credit for New York residents who purchase a gun safe, covering up to half the cost, maximum $500.
Why it matters
Incentivizes safer firearm storage. By making gun safes more affordable, the bill aims to encourage responsible gun ownership and potentially reduce accidents, thefts, and unauthorized access to firearms in homes.
Targets a broad range of gun owners. The tax credit is available to any New York resident who purchases a qualifying safe, regardless of the type of firearm owned, so it could increase safety practices across diverse households.
Defines what qualifies as a 'gun safe'. The law sets specific standards for what counts as a reimbursable gun safe (must be metal or similarly durable, and have a key or combination lock), preventing misuse of the credit for less secure storage options.
Applies retroactively to recent purchases. The credit covers safes bought as far back as January 15, 2013, meaning residents who already invested in secure storage could benefit, not just future buyers.
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Who cares
Headline styles
Tax Credit for Gun Safes
Plain English, a few words. Used as the page title.
Sponsors
3 Co-sponsors
History
- Print number 1668a
- Amend and recommit to ways and means
- Referred to ways and means
- Referred to ways and means
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Gun Safe Tax Credit
In Senate Committee · Investigations And Government Operations · Sponsor Kathleen A. Marchione
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
1668--A
2017-2018 Regular Sessions
IN ASSEMBLY
January 12, 2017
Introduced by M. of A. WOERNER -- read once and referred to the Committee on Ways and Means -- recommitted to the Committee on Ways and Means in accordance with Assembly Rule 3, sec. 2 -- 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 Assembly, 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) 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.
§ 2. This act shall take effect immediately and shall apply to taxable years beginning on or after January 1, 2018.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD02972-03-8
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.