Bill

Bill > A02241


NY A02241

NY A02241
Grants a sales and compensating use tax exemption for the sale of items designed to ensure the safe handling and storage of firearms including safe storage depositories, firearm safety locks and trigger locks.


summary

Introduced
01/15/2025
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 granting a sales and compensating use tax exemption for the sale of items designed to ensure the safe handling and storage of firearms

AI Summary

This bill amends the New York State tax law to create a sales and use tax exemption for specific firearm safety products. The exemption applies to items like safe storage depositories (as defined in the penal law), firearm safety locks, trigger locks, and other products designed to promote the safe handling and storage of firearms. By removing sales tax from these items, the bill aims to make safety equipment more affordable and potentially encourage responsible firearm ownership. The tax exemption would take effect immediately upon the bill's passage. The provision is being added to section 1115 of the tax law as a new paragraph (47), which means these safety items will be excluded from sales tax calculations, reducing the overall cost for consumers purchasing these safety-related products.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

referred to ways and means (on 01/07/2026)

bill text


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