Bill
Bill > S07733
NY S07733
NY S07733Imposes an excise tax on the gross receipts of the sales of firearms, major components of firearms and ammunition; establishes the gun violence prevention and school safety fund.
summary
Introduced
11/01/2023
11/01/2023
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 and the penal law, in relation to an excise tax on the sale of firearms and ammunition; and to amend the state finance law, in relation to creating a gun violence prevention and school safety fund
AI Summary
This bill imposes an 11% excise tax on the gross receipts of sales of firearms, major components of firearms, and ammunition by licensed firearms dealers, manufacturers, and ammunition sellers in New York. The bill also establishes the Gun Violence Prevention and School Safety Fund to support various gun violence prevention and response efforts, such as school safety measures, firearm relinquishment programs, services for victims of gun violence, and research on firearm injuries and suicide prevention.
Committee Categories
Budget and Finance
Sponsors (1)
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/S7733 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S07733&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S07733 |
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