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Bill > S01315


NY S01315

NY S01315
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
01/09/2025
In Committee
01/07/2026
Crossed Over
Passed
Dead

Introduced Session

2025-2026 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 establishes a new excise tax on ammunition sales in New York and creates a Firearm Violence Intervention Fund to support victims and witnesses of violence. The tax will be 5% for .22 caliber or smaller ammunition and 10% for all other ammunition, with rates to be annually reviewed and adjusted for inflation. All revenue collected from this tax will be deposited into the newly created Firearm Violence Intervention Fund, which will support two types of programs: community-based and hospital-based violence intervention programs. These programs will provide intensive counseling, case management, and social services to individuals recovering from violent injuries or who have witnessed acts of violence. The fund will be managed jointly by the state comptroller and commissioner of taxation and finance, and the monies will be kept separate from other state funds. The bill will take effect on the first day of the quarterly sales tax period following 90 days after becoming law, ensuring a structured implementation of the new tax and fund.

Committee Categories

Budget and Finance

Sponsors (7)

Last Action

REFERRED TO BUDGET AND REVENUE (on 01/07/2026)

bill text


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