S 9171 —

Compared against the New York Consolidated Laws as published AI-generated reading aid — verify against the official bill.

This bill amends 1 section(s) of the New York Consolidated Laws: Section 210-B of the tax law.

• Section 210-B of the tax law

  63. Central business district toll credit. (a) For taxable years beginning on or after January first, two thousand twenty-six, commercial owners of trucks, as defined in section one hundred fifty-eight of the vehicle and traffic law, that enter the central business district estab- lished pursuant to article forty-four-C of the vehicle and traffic law shall be eligible for a tax credit for all additional tolls charged on trips into the central business district after the first entry per day. (b) The credit shall be equal to the total amount of tolls paid by the taxpayer for entry into the central business district during the taxable year less the total of all tolls paid by the taxpayer for one entry per day into the central business district. (c) The amount of the credit allowed under this subdivision for any taxable year shall not exceed twenty-five thousand dollars. (d) The credit allowed under this subdivision for any taxable year shall not reduce the tax due for such year to less than the amount prescribed in paragraph (d) of subdivision one of section two hundred ten of this article. However, if the amount of credit allowed under this subdivision for any taxable year reduces the tax to such amount or if the taxpayer otherwise pays tax based on the fixed dollar minimum amount, any amount of credit thus not deductible in such taxable year shall be treated as an overpayment of tax to be credited or refunded in accordance with the provisions of section one thousand eighty-six of this chapter. Provided further, the provisions of subsection (c) of section one thousand eighty-eight of this chapter notwithstanding, no interest shall be paid thereon. italics

  amended