S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         8203
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                     June 11, 2015
                                      ___________
       Introduced  by M. of A. WOERNER -- read once and referred to the Commit-
         tee on Ways and Means
       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 (ccc) to read as follows:
    3    (CCC) 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.
                                                                  LBD02480-01-5