Provides a tax credit of up to five hundred dollars to individuals with disabilities for using transportation network companies to get to work and/or school.
STATE OF NEW YORK
________________________________________________________________________
4466
2023-2024 Regular Sessions
IN ASSEMBLY
February 16, 2023
___________
Introduced by M. of A. RAMOS -- read once and referred to the Committee
on Ways and Means
AN ACT to amend the tax law, in relation to providing a tax credit to
individuals with disabilities for using transportation network compa-
nies to get to work and/or school
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) Credit for individuals with disabilities who use transportation
4 network companies. (1) Allowance and amount of credit. A taxpayer, who
5 is a qualified individual with a disability as defined in the rehabili-
6 tation act of nineteen hundred ninety-three (29 U.S.C. 701) as amended
7 and who uses transportation network companies to get to work and/or
8 school, shall be allowed a credit, to be computed as provided in this
9 subsection, against the tax imposed by this article. The amount of the
10 credit shall be equal to the expenses incurred during a taxable year for
11 using transportation network companies to get to work and/or school.
12 Provided, however, that such credit shall not exceed five hundred
13 dollars.
14 (2) Definitions. "Transportation network company" or "TNC" shall have
15 the same meaning as the term is defined in article forty-four-B of the
16 vehicle and traffic law.
17 (3) Tax return requirement. The taxpayer shall be required to attach
18 to their tax return, in the form prescribed by the commissioner, verifi-
19 cation of such taxpayer's disability and verification that such trans-
20 portation was used to travel to work and/or school.
21 (4) Application of credit. If the amount of the credit shall exceed
22 the taxpayer's tax for such year the excess shall be carried over to the
23 following year or years, and may be deducted from the taxpayer's tax for
24 such year or years.
25 § 2. This act shall take effect immediately and shall apply to taxable
26 years beginning on and after January 1, 2023.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD08260-01-3
