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Bill > S08415


NY S08415

NY S08415
Imposes an excise tax on the sale of ammunition to be deposited into the firearm violence intervention fund to help victims of and witnesses to violence.


summary

Introduced
02/28/2022
In Committee
02/28/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

2021-2022 General Assembly

Bill Summary

AN ACT to amend the tax law, in relation to an excise tax on the sale of ammunition; and to amend the state finance law, in relation to creating a firearm violence intervention fund

AI Summary

This bill imposes an excise tax on the sale of ammunition, with a 5% tax on ammunition with .22 caliber or less projectiles and a 10% tax on all other ammunition. The revenue collected from this tax will be deposited into the newly created Firearm Violence Intervention Fund, which will be used to fund community-based and hospital-based violence intervention programs that provide counseling, case management, and social services to individuals recovering from or witnessing acts of violence.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

PRINT NUMBER 8415A (on 06/02/2022)

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