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NY S00231

Bill

Official Source

Status

Introduced

1/5/2011

Primary Sponsor

John DeFrancisco

Click for details

Origin

Senate

2009-2010 General Assembly

AI Summary

  • Adds a new tax credit under Tax Law Section 606 for taxpayers who purchase firearm safety items for personal use
  • Credit equals 25 percent of the cost of gun safes, vaults, firearm safety locks, trigger locks, or other items designed for safe handling and storage of firearms
  • Maximum credit of $500 per taxpayer per year
  • Effective immediately and applies to taxable years beginning January 1, 2011 and thereafter

Legislative Description

Provides a 25% tax credit against personal income taxes for the purchase of gun safety equipment up to $500.

Last Action

REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

1/5/2011

Committee Referrals

Investigations and Government Operations1/5/2011

Full Bill Text

No bill text available