S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5221
                              2013-2014 Regular Sessions
                                   I N  S E N A T E
                                     May 14, 2013
                                      ___________
       Introduced by Sen. MARCHIONE -- read twice and ordered printed, and when
         printed to be committed to the Committee on Investigations and Govern-
         ment Operations
       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  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Section  606  of  the  tax law is amended by adding a new
    2  subsection (ww) to read as follows:
    3    (WW) HOME DEFENSE TAX CREDIT. A RESIDENT TAXPAYER WHO PURCHASES A  GUN
    4  SAFE  ON  OR  AFTER  JANUARY  FIFTEENTH,  TWO THOUSAND THIRTEEN SHALL BE
    5  ALLOWED A CREDIT AGAINST THE TAX OTHERWISE IMPOSED UNDER THIS ARTICLE IN
    6  AN AMOUNT EQUAL TO ONE-HALF OF THE COST OF SUCH GUN SAFE UP TO A MAXIMUM
    7  OF FIVE HUNDRED DOLLARS.  AS USED IN THIS SUBSECTION, "GUN SAFE" MEANS A
    8  CABINET OF METAL OR OTHER SUFFICIENTLY DURABLE MATERIAL EQUIPPED WITH  A
    9  KEY  OR  COMBINATION LOCK DESIGNED TO SECURELY STORE RIFLES, SHOTGUNS OR
   10  HANDGUNS.
   11    S 2. This act shall take effect immediately and shall apply to taxable
   12  years beginning on or after January 1, 2013.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD10766-02-3