New York A09249 establishes a tax credit for tires blown out from potholes on state and local roads.

New York A09249 amends the tax law to create a tax credit for taxpayers who replace tires blown out due to potholes on state and local roads. The credit is up to one thousand dollars per incident. If the credit exceeds the taxpayer's tax for the year, the excess can be credited or refunded, though no interest will be paid. The commissioner may require proof of the blown-out tires to claim the credit. The amendment takes effect immediately and applies to taxable years starting after January 1, 2025.

New York A09249 establishes a tax credit for tires blown out from potholes on state and local roads.

New York A09249 amends the tax law to create a tax credit for taxpayers who replace tires blown out due to potholes on state and local roads. The credit is up to one thousand dollars per incident. If the credit exceeds the taxpayer's tax for the year, the excess can be credited or refunded, though no interest will be paid. The commissioner may require proof of the blown-out tires to claim the credit. The amendment takes effect immediately and applies to taxable years starting after January 1, 2025.