Bill > A09249

This bill establishes a new tax credit for New York state taxpayers who have to replace tires that are damaged by potholes on state and local roads. Under this legislation, taxpayers can claim a tax credit of up to one thousand dollars for tire replacement expenses caused by road damage. If the credit amount exceeds the taxpayer's tax liability for the year, the excess will be treated as an overpayment and refunded, though no interest will be paid on the refund. The tax commissioner may require taxpayers to provide documentation proving their tire damage to support their credit claim. The tax credit will become effective for taxable years beginning on or after January 1, 2025, providing financial relief to drivers who experience tire damage due to poor road conditions.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A9249