New York S08954 establishes a tax credit of up to $1,000 for vehicle owners who replace tires damaged by potholes on state and local roads.

New York S08954 amends the tax law to create a tax credit for vehicle owners who replace tires damaged by potholes on state and local roads. The credit is up to $1,000 per incident. If the credit exceeds the taxpayer's tax liability 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 support the credit claim. This act applies to taxable years starting on and after January 1, 2026.

New York S08954 establishes a tax credit of up to $1,000 for vehicle owners who replace tires damaged by potholes on state and local roads.

New York S08954 amends the tax law to create a tax credit for vehicle owners who replace tires damaged by potholes on state and local roads. The credit is up to $1,000 per incident. If the credit exceeds the taxpayer's tax liability 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 support the credit claim. This act applies to taxable years starting on and after January 1, 2026.