New York S07248 establishes a personal income tax credit of up to $500 for the purchase of a gun safe.

New York S07248 amends the tax law to allow a personal income tax credit for the purchase of a gun safe. The credit is up to $500 per taxable year and can be claimed no more than once every ten years. If the credit exceeds the taxpayer's tax liability for a year, the excess can be credited or refunded. The amendment takes effect immediately and applies to the taxable year in which it takes effect and all subsequent years.

New York S07248 establishes a personal income tax credit of up to $500 for the purchase of a gun safe.

New York S07248 amends the tax law to allow a personal income tax credit for the purchase of a gun safe. The credit is up to $500 per taxable year and can be claimed no more than once every ten years. If the credit exceeds the taxpayer's tax liability for a year, the excess can be credited or refunded. The amendment takes effect immediately and applies to the taxable year in which it takes effect and all subsequent years.