STATE OF NEW YORK
________________________________________________________________________
3807
2023-2024 Regular Sessions
IN ASSEMBLY
February 8, 2023
___________
Introduced by M. of A. GUNTHER -- read once and referred to the Commit-
tee on Ways and Means
AN ACT to amend the tax law, in relation to establishing an income tax
credit for certain metropolitan commuters
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 (ooo) to read as follows:
3 (ooo) Metropolitan commuter transportation district fee tax credit.
4 Any person who pays the registration fee required by section four
5 hundred ninety-nine-a of the vehicle and traffic law for a farm vehicle
6 registered pursuant to subdivision thirteen of section four hundred one
7 of the vehicle and traffic law shall be allowed a credit of one hundred
8 percent of such fee against the tax otherwise imposed by this article.
9 If the amount of credit allowed under this subsection for any taxable
10 year exceeds the taxpayer's tax for such year, the excess shall be
11 treated as an overpayment of tax to be credited or refunded in accord-
12 ance with the provisions of section six hundred eighty-six of this arti-
13 cle, provided, however, that no interest shall be paid thereon.
14 § 2. Subparagraph (B) of paragraph 1 of subsection (i) of section 606
15 of the tax law is amended by adding a new clause (l) to read as follows:
16 (l) Metropolitan commuterAmount of credit under
17 transportation district fee taxsubdivision fifty-nine of
18 credit under subsection (ooo)section two hundred ten-B
19 § 3. Section 210-B of the tax law is amended by adding a new subdivi-
20 sion 59 to read as follows:
21 59. Metropolitan commuter transportation district fee tax credit. (a)
22 Any taxpayer who pays the registration fee required by section four
23 hundred ninety-nine-a of the vehicle and traffic law for a farm vehicle
24 registered pursuant to subdivision thirteen of section four hundred one
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD07066-01-3
A. 3807 2
1 of the vehicle and traffic law shall be allowed a credit of one hundred
2 percent of such fee against the tax otherwise imposed by this article.
3 (b) Application of credit. The credit allowed under this subdivision
4 for any taxable year shall not reduce the tax due for such year to less
5 than the fixed dollar minimum amount prescribed in paragraph (d) of
6 subdivision one of section two hundred ten of this article. However, if
7 the amount of credit allowed under this subdivision for any taxable year
8 reduces the tax to such amount or if the taxpayer otherwise pays tax
9 based on the fixed dollar minimum amount, any amount of credit thus not
10 deductible in such taxable year shall be treated as an overpayment of
11 tax to be credited or refunded in accordance with the provisions of
12 section one thousand eighty-six of this chapter. Provided, however, the
13 provisions of subsection (c) of section one thousand eighty-eight of
14 this chapter notwithstanding, no interest shall be paid thereon.
15 § 4. This act shall take effect immediately and shall apply to taxable
16 years beginning on and after January 1, 2024.
