S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         1065
                              2013-2014 Regular Sessions
                                   I N  S E N A T E
                                      (PREFILED)
                                    January 9, 2013
                                      ___________
       Introduced  by  Sens.  MAZIARZ,  DeFRANCISCO,  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 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 (vv) to read as follows:
    3    (VV) 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    S 2. This act shall take effect immediately and shall apply to taxable
   12  years beginning on and after January 1, 2014.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD02083-01-3