Establishes a tax credit for commercial trucks entering into the central business district for all additional tolls charged on trips into the central business district after the first entry per day.
NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A10503
SPONSOR: Cunningham TITLE OF BILL:
An act to amend the tax law, in relation to establishing a tax credit
for trucks entering into the central business district
PURPOSE OR GENERAL IDEA OF BILL:
This legislation would establish a tax credit for commercial trucks
entering the central business district more than one per day. Commer-
cial trucks would pay for the first entry of the business district each
day and would be eligible for a tax credit for each additional trip made
in the day.
SUMMARY OF PROVISIONS:
Section 1. Section 210-B of the tax law is amended to provide trucks as
defined in section one hundred fifty-eight of the vehicle and traffic
law with a tax credit for tolls incurred for more than one entry into
the central business district per day. The credit would be capped at
$25,000 annually.
Section 2. Effective Date
JUSTIFICATION:
This program, as it stands, provides little to no exemptions for commer-
cial entities, undermining the economic impact levies have on New York-
ers, particularly our industrial and commercial enterprises. To sustain
this program, and protect industries in and around New York City, this
bill will provide relief for truckers who frequently enter Manhattan to
conduct business multiple times in a single day.
PRIOR LEGISLATIVE HISTORY:
New bill.
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:
Yet to be determined
EFFECTIVE DATE:
Immediately.
STATE OF NEW YORK
________________________________________________________________________
10503
IN ASSEMBLY
March 6, 2026
___________
Introduced by M. of A. CUNNINGHAM -- read once and referred to the
Committee on Ways and Means
AN ACT to amend the tax law, in relation to establishing a tax credit
for trucks entering into the central business district
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 210-B of the tax law is amended by adding a new
2 subdivision 63 to read as follows:
3 63. Central business district toll credit. (a) For taxable years
4 beginning on or after January first, two thousand twenty-six, commercial
5 owners of trucks, as defined in section one hundred fifty-eight of the
6 vehicle and traffic law, that enter the central business district estab-
7 lished pursuant to article forty-four-C of the vehicle and traffic law
8 shall be eligible for a tax credit for all additional tolls charged on
9 trips into the central business district after the first entry per day.
10 (b) The credit shall be equal to the total amount of tolls paid by the
11 taxpayer for entry into the central business district during the taxable
12 year less the total of all tolls paid by the taxpayer for one entry per
13 day into the central business district.
14 (c) The amount of the credit allowed under this subdivision for any
15 taxable year shall not exceed twenty-five thousand dollars.
16 (d) The credit allowed under this subdivision for any taxable year
17 shall not reduce the tax due for such year to less than the amount
18 prescribed in paragraph (d) of subdivision one of section two hundred
19 ten of this article. However, if the amount of credit allowed under this
20 subdivision for any taxable year reduces the tax to such amount or if
21 the taxpayer otherwise pays tax based on the fixed dollar minimum
22 amount, any amount of credit thus not deductible in such taxable year
23 shall be treated as an overpayment of tax to be credited or refunded in
24 accordance with the provisions of section one thousand eighty-six of
25 this chapter. Provided further, the provisions of subsection (c) of
26 section one thousand eighty-eight of this chapter notwithstanding, no
27 interest shall be paid thereon.
28 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD14835-01-6
