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Who cares
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Sponsors
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History
- Print number 5816a
- Amend and recommit to investigations and government operations
- Referred to investigations and government operations
- Referred to investigations and government operations
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the tax law, in relation to establishing an income tax credit for certain metropolitan commuters
Purpose
Establishes a tax credit for individuals who pay the metropolitan commuter transportation district (MCTD) supplemental registration fee for farm vehicles.
Summary of provisions
Section one amends section 606 of the tax law by adding a new subsection (ccc) which establishes the metropolitan commuter transportation district (MCTD) fee tax credit. This is applicable to any person who pays the registration fee required by section 499-A of the vehicle and traffic law for a farm vehicle registered pursuant to subdivision 13 of section 401 of the vehicle and traffic law. It sets the amount of the credit at the cost equal to the MCTD supplemental registration fee and provides for the credit to be one hundred percent refundable.
Section two amends subparagraph (B) of paragraph 1 of subsection (i) of section 606 of the tax law by adding a new clause (xliii) relating to the applicability of the tax credit to small corporations.
Section three amends section 210-B of the tax law by adding a new subdivision (51) which establishes the corporations' credit base for the MCTD fee tax credit.
Section four is the effective date.
Justification
Currently, registrants of farm vehicles who reside in the Metropolitan Commuter Transportation District (City of New York and the Counties of Dutchess, Nassau, Orange, Putnam, Rockland, Suffolk and Westchester) must pay to the Commissioner of Motor Vehicles a supplemental registration fee of $50 every two years.
According to State law, farm vehicles are only allowed to travel between points within New York State on public highways connecting portions of a farm or farms, municipal sanitary landfills and licensed motor vehicle repair shops, and may travel only by the most direct route, but in no event further than 25 miles one-way. However, despite these tight restrictions, farm vehicles must pay the supplemental fee like any other registered vehicle in the MCTD.
This fee places an undue burden on our downstate farmers, who by virtue of where they live must pay the supplemental fee, though they receive no supplemental services.
This bill seeks to reimburse registrants of farm vehicles while not reducing revenue to the MTA.
Legislative history
New Bill.
Fiscal implications
Minimal to state.
Effective date
This act shall take effect immediately and shall apply to taxable years beginning on and after January 1, 2017.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.