STATE OF NEW YORK
2019-2020 Regular Sessions
January 9, 2019
Introduced by Sen. LANZA -- read twice and ordered printed, and when
printed to be committed to the Committee on Investigations and Govern-
AN ACT to amend the tax law, in relation to establishing a personal
income tax credit for the purchase of a gun safe
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) Gun safe credit. (1) Allowance of credit. A taxpayer shall be
4 allowed a credit against the tax imposed by this article for the amount
5 incurred by the taxpayer during the taxable year for the purchase of a
6 gun safe.
7 (2) Credit limitation. The amount of the credit that may be claimed by
8 a taxpayer pursuant to this subsection shall not exceed five hundred
9 dollars in any taxable year, and such credit may be claimed not more
10 frequently than once every ten taxable years.
11 (3) Application of credit. If the amount of the credit under this
12 subsection for a taxable year shall exceed the taxpayer's tax for such
13 year, the excess shall be treated as an overpayment of tax to be credit-
14 ed or refunded in accordance with the provisions of section six hundred
15 eighty-six of this article; provided, however, that no interest shall be
16 paid thereon.
17 § 2. This act shall take effect immediately, and shall apply to the
18 taxable year in which it takes effect and all subsequent taxable years.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 is old law to be omitted.