New York A10503 creates a tax credit for commercial trucks entering the central business district for additional tolls charged after the first entry.

New York A10503 amends the tax law to establish a tax credit for commercial trucks entering the central business district for additional tolls charged after the first entry per day. This credit applies to taxable years beginning on or after January 1, 2026. The credit amount is equal to the total tolls paid for entries into the central business district during the taxable year, minus the tolls paid for one entry per day. The credit is capped at $25,000 per taxable year and cannot reduce the tax due below a specified amount.

New York A10503 creates a tax credit for commercial trucks entering the central business district for additional tolls charged after the first entry.

New York A10503 amends the tax law to establish a tax credit for commercial trucks entering the central business district for additional tolls charged after the first entry per day. This credit applies to taxable years beginning on or after January 1, 2026. The credit amount is equal to the total tolls paid for entries into the central business district during the taxable year, minus the tolls paid for one entry per day. The credit is capped at $25,000 per taxable year and cannot reduce the tax due below a specified amount.