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New York · 2025-2026 General Assembly

S07248 Establishes up to a $500 personal income tax credit for the purchase of a gun safe.

Direction

Firearms storage minorsAI label

Restricts gun access model confidence 70%

Provides a tax credit for purchasing a gun safe, incentivizing secure firearm storage and thereby reducing unauthorized access including by minors.

A taxpayer shall be allowed a credit against the tax imposed by this article for the amount incurred by the taxpayer during the taxable year for the purchase of a gun safe.

✓ Quote verified word for word in the bill text

Firearms otherAI label

Expands gun access model confidence 80%

Offers a personal income tax credit of up to $500 for gun safe purchases, reducing the net cost of safe firearm storage.

The amount of the credit that may be claimed by a taxpayer pursuant to this subsection shall not exceed five hundred dollars in any taxable year

✓ Quote verified word for word in the bill text

  1. Filed (completed)
  2. Committee
  3. Passed one chamber
  4. Passed both
  5. Governor
  6. Law

Status: Died (session ended)

Last action
2026-01-07: REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
Filed
2025-04-07
Committee
Investigations and Government Operations
Sponsor
Andrew Lanza R

Why the model tagged it this way: The bill creates a tax credit specifically for gun safe purchases, which incentivizes secure storage (a firearms/storage-minors restriction on unauthorized access) while also expanding overall ability to afford and own safe firearm storage equipment (firearms/other expansion).

Related bills

Sponsors

Text versions

History (2 actions)
DateChamberAction
2026-01-07SREFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
2025-04-07SREFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS