S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        1065--A
                              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 -- recommitted to the Commit-
         tee  on  Investigations  and  Government Operations in accordance with
         Senate Rule 6, sec. 8 -- committee discharged, bill  amended,  ordered
         reprinted as amended and recommitted to said committee
       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. Subsections (yy) and (zz) of section 606 of the tax law, as
    2  relettered  by section 5 of part H of chapter 1 of the laws of 2003, are
    3  relettered subsections (yyy) and (zzz) and  a  new  subsection  (xx)  is
    4  added to read as follows:
    5    (XX)  A  TAXPAYER  SHALL  BE ALLOWED A CREDIT AS HEREINAFTER PROVIDED,
    6  AGAINST THE TAX IMPOSED BY THIS ARTICLE FOR THE PURCHASE, OTHER THAN FOR
    7  RESALE, OF GUN SAFES OR VAULTS, FIREARM SAFETY LOCKS, TRIGGER  LOCKS  OR
    8  OTHER  ITEMS  DESIGNED  TO  ENSURE  THE  SAFE  HANDLING  AND  STORAGE OF
    9  FIREARMS. THE AMOUNT OF CREDIT SHALL BE EQUAL TO TWENTY-FIVE PERCENT  OF
   10  THE  COST  TO  THE TAXPAYER OF THE PURCHASE OF SUCH FIREARM SAFETY ITEMS
   11  DURING THE TAXABLE YEAR, SUCH CREDIT NOT TO EXCEED FIVE HUNDRED  DOLLARS
   12  PER YEAR.
   13    S 2. This act shall take effect immediately and shall apply to taxable
   14  years beginning on and after January 1, 2015.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD02083-02-4