New York A02241 grants a sales and compensating use tax exemption for items designed to ensure the safe handling and storage of firearms.
New York A02241 amends the tax law to exempt from sales and compensating use tax the sale of items designed to ensure the safe handling and storage of firearms. This includes safe storage depositories, firearm safety locks, trigger locks, and other similar items. The exemption aims to make these safety products more accessible to the public by reducing the tax burden on their purchase. The act takes effect immediately upon enactment.
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