Bill > A10503

This bill establishes a new tax credit for commercial truck owners who operate within a designated central business district, as defined by Article 44-C of the vehicle and traffic law, starting from January 1, 2026. The credit is designed to offset the cost of tolls by allowing truck owners to claim a credit for all additional tolls charged on trips into the central business district after their first entry of the day. Specifically, the credit will equal the total tolls paid for entering the district during the tax year minus the tolls paid for one daily entry. This credit is capped at $25,000 per year and cannot reduce the taxpayer's liability below a certain minimum amount; any excess credit that cannot be used in a given year can be refunded or carried forward as an overpayment without interest.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A10503