Bill > A05419

This bill introduces a tax credit of fifty dollars for individual taxpayers who participate in a special or general election for any state office. The credit can be claimed in the taxable year when the election took place, with only one credit allowed per taxable year. If the credit amount exceeds the taxpayer's tax liability for that year, the excess will be treated as an overpayment and can be credited or refunded without additional interest. The term "participates" is specifically defined as having satisfied any of the identification processes for the election as outlined in sections 8-304, 8-410, or 8-708 of the election law. This bill, known as the "civil participation credit act," aims to incentivize voter participation by providing a financial reward for individuals who engage in the electoral process. The legislation will take effect immediately and apply to taxable years beginning on or after January 1st following its enactment.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A5419