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NY S03471

Bill

Official Source

Status

Engrossed

6/16/2016

Primary Sponsor

Andrew Lanza

Click for details

Origin

Senate

2015-2016 General Assembly

AI Summary

  • Allows taxpayers to claim a credit against New York State personal income tax for amounts spent on purchasing a gun safe during the taxable year
  • Limits the credit to a maximum of $500 per taxable year, with claims allowed no more frequently than once every ten taxable years
  • Allows excess credits exceeding the taxpayer's tax liability to be treated as an overpayment and credited or refunded, but without interest payment
  • Takes effect immediately and applies to the taxable year of enactment and all subsequent taxable years

Legislative Description

Establishes a $500 personal income tax credit for the purchase of a gun safe.

Last Action

referred to ways and means

6/16/2016

Committee Referrals

Ways and Means6/16/2016
Finance3/8/2016
Investigations and Government Operations2/10/2015

Full Bill Text

No bill text available