New York A 10503: Establishes the COVID-19 emergency property tax credit for certain persons

Bill Text

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A10503 Summary:

BILL NOA10503 

&nbsp

SAME ASSAME AS S09171

&nbsp

SPONSORCunningham

&nbsp

COSPNSRWeprin, Williams

&nbsp

MLTSPNSR

&nbsp

Amd §210-B, Tax L

&nbsp

Establishes a tax credit for commercial trucks entering into the central business district for all additional tolls charged on trips into the central business district after the first entry per day.

Go to top A10503 Actions:

BILL NOA10503 

&nbsp

03/06/2026referred to ways and means

Go to topA10503 Committee&nbspVotes:

Go to topA10503 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA10503 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10503

 IN ASSEMBLY

 March 6, 2026
 ___________

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

 AN ACT to amend the tax law, in relation to establishing a tax credit
 for trucks entering into the central business district

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

 1 Section 1. Section 210-B of the tax law is amended by adding a new
 2 subdivision 63 to read as follows:
 3 63. Central business district toll credit. (a) For taxable years
 4 beginning on or after January first, two thousand twenty-six, commercial
 5 owners of trucks, as defined in section one hundred fifty-eight of the
 6 vehicle and traffic law, that enter the central business district estab-
 7 lished pursuant to article forty-four-C of the vehicle and traffic law
 8 shall be eligible for a tax credit for all additional tolls charged on
 9 trips into the central business district after the first entry per day.
 10 (b) The credit shall be equal to the total amount of tolls paid by the
 11 taxpayer for entry into the central business district during the taxable
 12 year less the total of all tolls paid by the taxpayer for one entry per
 13 day into the central business district.
 14 (c) The amount of the credit allowed under this subdivision for any
 15 taxable year shall not exceed twenty-five thousand dollars.
 16 (d) The credit allowed under this subdivision for any taxable year
 17 shall not reduce the tax due for such year to less than the amount
 18 prescribed in paragraph (d) of subdivision one of section two hundred
 19 ten of this article. However, if the amount of credit allowed under this
 20 subdivision for any taxable year reduces the tax to such amount or if
 21 the taxpayer otherwise pays tax based on the fixed dollar minimum
 22 amount, any amount of credit thus not deductible in such taxable year
 23 shall be treated as an overpayment of tax to be credited or refunded in
 24 accordance with the provisions of section one thousand eighty-six of
 25 this chapter. Provided further, the provisions of subsection (c) of
 26 section one thousand eighty-eight of this chapter notwithstanding, no
 27 interest shall be paid thereon.
 28 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14835-01-6

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