NY S09482

Imposes a 2-cent per projectile excise tax on .22 caliber or smaller ammunition and a 5-cent per projectile tax on all other ammunition sold at retail.

Tax rates will be reviewed annually and adjusted by the commissioner to maintain consistency relative to inflation.

Establishes the gun violence impact fund in joint custody of the comptroller and commissioner, funded entirely by ammunition excise tax revenue.

Authorizes the director of the office of victim services to award grants from the fund to gun violence victims and their immediate family members for medical expenses, funeral costs, and mental health resources.

Excludes grant eligibility for persons responsible for their own injury and prohibits grants for expenses covered by insurance or third-party sources; takes effect on the first day of a quarterly sales tax period following 90 days after enactment.