What's happening
This bill creates a personal income tax credit of up to $500 for New Yorkers who purchase a gun safe, claimable once every ten years.
Why it matters
Encourages safe firearm storage. by offering a financial incentive, which could reduce accidental shootings, theft, and unauthorized access—especially among children and teens.
Provides a direct and accessible benefit. to individual taxpayers, allowing both gun owners and those considering gun ownership to offset the cost of responsible storage.
Designed to have a lasting impact. by limiting the credit to once every ten years, encouraging the purchase of durable, long-term storage solutions rather than repeated claims for cheaper or lower-quality safes.
Ensures that lower-income households can benefit. , since the credit is refundable (any unused amount is returned like a tax refund), making it more accessible regardless of tax liability.
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Who cares
New York taxpayers buying gun safes
The bill would offer a personal income tax credit of up to $500 for a gun safe purchase, claimable no more than once every ten taxable years.
Gun safe retailers and manufacturers
The credit would offset taxpayers’ purchase costs for the products they sell.
Taxpayers whose credit exceeds their tax liability
Any excess credit would be credited or refunded, without interest.
New York State tax administrators
They would administer the credit, its ten-year claim restriction and refunds of excess credit.
Headline styles
Tax Credit for Gun Safes
Plain English, a few words. Used as the page title.
Sponsors
1 Co-sponsor
History
- Referred to investigations and government operations
- Referred to investigations and government operations
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
813
2019-2020 Regular Sessions
IN SENATE
January 9, 2019
Introduced by Sen. LANZA -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations
AN ACT to amend the tax law, in relation to establishing a personal income tax credit for the purchase of 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 (jjj) to read as follows:
(jjj) Gun safe credit. (1) Allowance of credit. A taxpayer shall be allowed a credit against the tax imposed by this article for the amount incurred by the taxpayer during the taxable year for the purchase of a gun safe.
(2) Credit limitation. The amount of the credit that may be claimed by a taxpayer pursuant to this subsection shall not exceed five hundred dollars in any taxable year, and such credit may be claimed not more frequently than once every ten taxable years.
(3) Application of credit. If the amount of the credit under this subsection for a taxable year shall exceed the taxpayer's tax for such year, the excess shall be treated as an overpayment of tax to be credited or refunded in accordance with the provisions of section six hundred eighty-six of this article; provided, however, that no interest shall be paid thereon.
§ 2. This act shall take effect immediately, and shall apply to the taxable year in which it takes effect and all subsequent taxable years.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD06508-01-9
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Sponsor's memo
Title of bill
An act to amend the tax law, in relation to establishing a personal income tax credit for the purchase of a gun safe
Purpose or general idea of bill
To allowance credit against the tax imposed by this article for the amount incurred by the taxpayer during taxable year for purchase of gun safe.
Summary of specific provisions
Section 1. Section 606 of the tax law is amended by adding a new subsection to read as follows. Allowance of credit. A taxpayer shall be allowed credit against the tax imposed by this article for the amount incurred by the taxpayer during the taxable year for the purchase of a gun safe
Section 2. The amount of the credit that may be claimed a by taxpayer pursuant to this subsection shall not exceed five hundred dollars in any taxable year, and such credit may be claimed not more frequently than once every ten taxable years
Section 3. Application of credit. If the amount of the credit under this subsection for a taxable year shall exceed the taxpayer's tax for such year, the excess shall be treated as an overpayment of tax to be credit- ed or refunded in accordance with the provision of section six hundred eighty-six of this article; provided, however, that no interest shall be paid thereon
Justification
This bill will provided a five hundred dollars tax credit for practicing firearm safety. This tax credit will promote safe storage of guns. Gun safety in New York is a priority of the State to allow law abiding resi- dents to safely store their firearms and to continue to practice their second amendment right.
Prior legislative history
2018: S.5757 - Referred to Investigations & Government Operations 2017: S.5757 - Referred to Investigations & Government Operations 2016: S.3471 - Passed Senate / A.10418 - Referred to Ways & Means 2015: S.3471 - Referred to Investigations & Government Operations 2014: S.7174 - Referred to Investigations & Government Operations
Fiscal implications
Undetermined
Effective date
Shall take effect immediately, and shall apply to the taxable year in which it takes effect and all subsequent taxable years.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.