STATE OF NEW YORK
        ________________________________________________________________________
                                          8342
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                      June 9, 2017
                                       ___________
        Introduced by M. of A. KAVANAGH, TITONE -- 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  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) A taxpayer shall be allowed a credit  as  hereinafter  provided,
     4  against the tax imposed by this article for the purchase, other than for
     5  resale,  of  gun safes or vaults, firearm safety locks, trigger locks or
     6  other items  designed  to  ensure  the  safe  handling  and  storage  of
     7  firearms.  The amount of credit shall be equal to twenty-five percent of
     8  the cost to the taxpayer of the purchase of such  firearm  safety  items
     9  during  the taxable year, such credit not to exceed five hundred dollars
    10  per year.
    11    § 2. This act shall take effect immediately and shall apply to taxable
    12  years beginning on and after January 1, 2019.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01594-01-7