STATE OF NEW YORK
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10483
IN ASSEMBLY
May 31, 2016
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Introduced by M. of A. SCHIMMINGER -- read once and referred to the
Committee on Ways and Means
AN ACT to amend the tax law, in relation to establishing a personal
income tax credit for parking expenses paid by a taxpayer in the
course of 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 (ccc) to read as follows:
3 (ccc) Commuter parking 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 park-
7 ing expenses 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 pays for his or her parking not less than three times each week for not
11 less than forty-five weeks during the taxable year.
12 (B) The term "qualified parking expenses" means parking fees imposed
13 for use of a parking spot on a street or in a garage, parking lot or
14 other place of business engaged in providing parking for motor vehicles
15 within the state, and fees were paid while a qualified taxpayer was in
16 the course of commuting to and from his or her place of employment.
17 (3) Amount of credit. The amount of the credit pursuant to this
18 subsection shall be the first two hundred fifty dollars of qualified
19 parking expenses paid by an individual qualified taxpayer during the
20 taxable year, except in the case where two qualified taxpayers file
21 jointly, the amount of such credit shall be the first five hundred
22 dollars of the qualified parking expenses paid by such qualified taxpay-
23 ers during the taxable year as computed by adding the tax credits each
24 would be allowed pursuant to this subsection if they each filed individ-
25 ually.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD15574-01-6
A. 10483 2
1 (4) Proof of claim. The commissioner may require a qualified taxpayer
2 to furnish proof of his or her qualified parking expenses in support of
3 his or her claim for credit under this subsection.
4 § 2. This act shall take effect immediately and shall apply to the
5 taxable year in which it takes effect and taxable years commencing ther-
6 eafter.