STATE OF NEW YORK
        ________________________________________________________________________
                                          2450
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    January 22, 2019
                                       ___________
        Introduced  by  M. of A. FAHY -- read once and referred to the Committee
          on Ways and Means
        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 (jjj) to read as follows:
     3    (jjj)  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    ยง 2. This act shall take effect immediately and shall apply to taxable
    12  years beginning on and after January 1, 2021.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02297-01-9