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Bill > S00270
NY S00270
NY S00270Imposes 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
01/04/2023
01/04/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 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 in New York. The tax rates are 5% for ammunition with a single projectile of .22 caliber or less, and 10% for 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 violent incidents.
Committee Categories
Budget and Finance
Sponsors (7)
Andrew Gounardes (D)*,
Cordell Cleare (D),
Nathalia Ferna´ndez (D),
Brad Hoylman (D),
Zellnor Myrie (D),
James Skoufis (D),
Toby Stavisky (D),
Last Action
REFERRED TO BUDGET AND REVENUE (on 01/03/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/S270 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S00270&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S00270 |
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