Bill Text: NY S06736 | 2013-2014 | General Assembly | Introduced

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Bill Title: Establishes a personal income tax credit for tolls paid by resident taxpayers during the course of commuting to and from their place of employment.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Introduced - Dead) 2014-03-05 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S06736 Detail]

Download: New_York-2013-S06736-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         6736
                                   I N  S E N A T E
                                     March 5, 2014
                                      ___________
       Introduced  by  Sens. CARLUCCI, KLEIN, SAVINO, VALESKY -- read twice and
         ordered printed, and when printed to be committed to the Committee  on
         Investigations and Government Operations
       AN  ACT  to  amend  the  tax law, in relation to establishing a personal
         income tax credit for tolls paid  by  a  taxpayer  in  the  course  of
         commuting to and from his or her place of employment
         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 (u) to read as follows:
    3    (U)  COMMUTER  TOLLS  CREDIT.  (1)  GENERAL. EACH INDIVIDUAL QUALIFIED
    4  TAXPAYER SHALL BE ALLOWED A CREDIT  NOT  TO  EXCEED  TWO  HUNDRED  FIFTY
    5  DOLLARS  DURING  ANY  TAXABLE  YEAR,  TO BE COMPUTED AS PROVIDED IN THIS
    6  SUBSECTION, AGAINST THE TAX IMPOSED BY THIS ARTICLE FOR QUALIFIED  TOLLS
    7  PAID DURING SUCH TAXABLE YEAR.
    8    (2)  DEFINITIONS.  (A)  THE TERM "QUALIFIED TAXPAYER" MEANS A RESIDENT
    9  TAXPAYER WHO COMMUTES TO AND FROM HIS OR HER PLACE OF EMPLOYMENT AND WHO
   10  DURING THE COURSE OF SUCH COMMUTING PAYS QUALIFIED TOLLS NOT  LESS  THAN
   11  THREE  TIMES  EACH  WEEK  FOR  NOT LESS THAN FORTY-FIVE WEEKS DURING THE
   12  TAXABLE YEAR.
   13    (B) THE TERM "QUALIFIED TOLLS" MEANS TOLLS AND FEES IMPOSED FOR USE OF
   14  A PUBLIC HIGHWAY OR BRIDGE WITHIN THE STATE, OR TOLLS AND  FEES  IMPOSED
   15  BY  A  PUBLIC  AUTHORITY, ESTABLISHED BY THE LAWS OF THIS STATE, FOR THE
   16  USE OF A PUBLIC HIGHWAY OR BRIDGE; AND SUCH  TOLLS  OR  FEES  WERE  PAID
   17  WHILE  A  QUALIFIED  TAXPAYER WAS IN THE COURSE OF COMMUTING TO AND FROM
   18  HIS OR HER PLACE OF EMPLOYMENT.
   19    (3) AMOUNT OF CREDIT. THE  AMOUNT  OF  THE  CREDIT  PURSUANT  TO  THIS
   20  SUBSECTION  SHALL  BE  THE  FIRST TWO HUNDRED FIFTY DOLLARS OF QUALIFIED
   21  TOLLS PAID BY AN INDIVIDUAL QUALIFIED TAXPAYER DURING THE TAXABLE  YEAR,
   22  EXCEPT  IN  THE  CASE  WHERE  TWO  QUALIFIED TAXPAYERS FILE JOINTLY, THE
   23  AMOUNT OF SUCH CREDIT SHALL BE THE FIRST FIVE  HUNDRED  DOLLARS  OF  THE
   24  QUALIFIED TOLLS PAID BY SUCH QUALIFIED TAXPAYERS DURING THE TAXABLE YEAR
   25  AS  COMPUTED BY ADDING THE TAX CREDITS EACH WOULD BE ALLOWED PURSUANT TO
   26  THIS SUBSECTION IF THEY EACH FILED INDIVIDUALLY.
   27    S 2. This act shall take effect immediately and  shall  apply  to  the
   28  taxable year in which it takes effect and taxable years commencing ther-
   29  eafter.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD13192-02-4