Bill > S09171

This bill establishes a new tax credit for owners of commercial trucks that enter a designated central business district, as defined by Article 44-C of the vehicle and traffic law, starting in tax years beginning on or after January 1, 2026. The credit is designed to offset the cost of tolls charged on subsequent entries into the central business district after the first entry of the day, meaning the first toll paid each day is not eligible for the credit. The credit amount will be calculated by subtracting the cost of one daily entry from the total tolls paid for entering the district during the tax year, with a maximum credit of $25,000 per year. This credit cannot reduce the taxpayer's tax liability below a certain minimum amount, and any excess credit that cannot be used in a given year can be refunded or credited to future tax payments, though no interest will be paid on these amounts.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S9171