Bill > S08954

This bill establishes a new tax credit for individuals who have to replace tires on their vehicles because they were damaged by potholes on state and local roads. The credit, which can be up to one thousand dollars, is intended to help offset the cost of these unexpected repairs. If the credit amount is more than the taxpayer's total tax liability for the year, the excess will be refunded to them, though without any interest. The bill also allows the tax commissioner to request proof of the damaged tires to support a claim for this credit, and it will take effect immediately, applying to tax years starting on or after January 1, 2026.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S8954