New York Assembly Bill A03597 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 3597 2025-2026 Regular Sessions  IN ASSEMBLY January 28, 2025 ___________ Introduced by M. of A. P. CARROLL, EACHUS -- 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. LBD06482-01-5