What's happening
This bill creates a tax credit for New Yorkers who purchase firearm safety items like gun safes or locks, up to $500 per year.
Why it matters
Encourages safer gun storage. by making it more affordable for gun owners to buy items like safes and locks, which can help prevent accidental shootings, theft, and unauthorized access to firearms.
Targets public safety at home. by offering a financial incentive specifically for products that reduce risks to children and others living in or visiting homes with firearms.
Potentially broad impact. as the tax credit applies to a range of safety products and is available annually, making ongoing safe practices more accessible to New Yorkers who might otherwise forgo these purchases due to cost.
Signals state support for responsible gun ownership. by embedding firearm safety directly into tax policy, potentially influencing both new and existing gun owners to prioritize secure storage solutions.
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Who cares
Headline styles
Tax Credit for Gun Safes
Plain English, a few words. Used as the page title.
Sponsors
1 Co-sponsor
1 Multi-sponsor
History
- 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.
Tax Credit for Gun Locks
In Senate Committee · Budget And Revenue · Sponsor Daphne Jordan
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
2450
2019-2020 Regular Sessions
IN ASSEMBLY
January 22, 2019
Introduced by M. of A. FAHY -- 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 Assembly, 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
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.