Bill Text: NY A01233 | 2023-2024 | General Assembly | Introduced

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Bill Title: Creates a congestion toll offset tax credit.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced) 2024-01-03 - referred to ways and means [A01233 Detail]

Download: New_York-2023-A01233-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          1233

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    January 13, 2023
                                       ___________

        Introduced  by M. of A. ZEBROWSKI, JACOBSON -- read once and referred to
          the Committee on Ways and Means

        AN ACT to amend the tax law, in relation to creating a  congestion  toll
          offset tax credit

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Section 606 of the tax law  is  amended  by  adding  a  new
     2  subsection (bbb) to read as follows:
     3    (bbb)  Congestion  toll  offset tax credit.  (1) A resident individual
     4  whose primary residence is located in the  county  of  Rockland  or  the
     5  county of Orange shall be allowed a credit to be computed as provided in
     6  this  subsection,  against the tax imposed by this article for qualified
     7  tolls paid during such taxable year.
     8    (2) As used in this subsection, "qualified  tolls"  means  the  amount
     9  charged to a taxpayer's vehicle, up to the congestion toll amount pursu-
    10  ant to article forty-four-C of the vehicle and traffic law, for crossing
    11  either the Governor Mario M. Cuomo bridge or George Washington bridge if
    12  such  taxpayer  subsequently,  within two hours of crossing such bridge,
    13  entered the congestion tolling zone.
    14    (3) The amount of the credit pursuant  to  this  subsection  shall  be
    15  qualified  tolls  paid  by a taxpayer during the taxable year, except in
    16  the case where two qualified taxpayers file jointly, the amount of  such
    17  credit  shall  be  the  combined  qualified tolls paid by such qualified
    18  taxpayers during the taxable year as computed by adding the tax  credits
    19  each  would  be  allowed  pursuant to this subsection if they each filed
    20  individually.
    21    § 2. This act shall take effect immediately and  shall  apply  to  the
    22  taxable year in which it takes effect and taxable years commencing ther-
    23  eafter.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03210-01-3