What's happening
This bill creates a tax credit reimbursing farm vehicle owners for the Metropolitan Commuter Transportation District registration fee.
Why it matters
Reduces costs for farmers. By reimbursing the Metropolitan Commuter Transportation District (MCTD) registration fee for farm vehicles, the bill directly lowers operational costs for agricultural producers, who often depend on these vehicles for daily business.
Addresses rural-urban equity. Farm vehicles are typically not used for commuting into metropolitan areas, so reimbursing this fee helps correct a perceived fairness issue—farmers are not benefiting from MCTD services but have been required to pay the fee.
Provides immediate tax relief. The legislation allows the tax credit to be refunded if it exceeds the farmer’s tax liability, meaning eligible farmers can see a direct financial benefit even if their taxes are low, improving cash flow.
Applies retroactively. The bill covers tax years starting from January 1, 2018, so farmers can claim credits for registration fees paid in previous years, potentially resulting in lump-sum refunds for past payments.
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Who cares
Headline styles
Commuter Fee Tax Credit
Plain English, a few words. Used as the page title.
Sponsors
7 Co-sponsors
1 Multi-sponsor
History
- Referred to ways and means
- Referred to ways and means
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
3667
2019-2020 Regular Sessions
IN ASSEMBLY
January 30, 2019
Introduced by M. of A. GUNTHER, CAHILL, ARROYO, RAIA, DiPIETRO, FRIEND, CROUCH, MONTESANO -- Multi-Sponsored by -- M. of A. COOK -- read once and referred to the Committee on Ways and Means
AN ACT to amend the tax law, in relation to establishing an income tax credit for certain metropolitan commuters
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Section 606 of the tax law is amended by adding a new subsection (jjj) to read as follows:
(jjj) Metropolitan commuter transportation district fee tax credit. Any person who pays the registration fee required by section four hundred ninety-nine-a of the vehicle and traffic law for a farm vehicle registered pursuant to subdivision thirteen of section four hundred one of the vehicle and traffic law shall be allowed a credit of one hundred percent of such fee against the tax otherwise imposed by this article. If the amount of credit allowed under this subsection for any taxable year exceeds the taxpayer's tax for such year, the excess shall be treated as an overpayment of tax to be credited or refunded in accordance with the provisions of section six hundred eighty-six of this article, provided, however, that no interest shall be paid thereon.
§ 2. Subparagraph (B) of paragraph 1 of subsection (i) of section 606 of the tax law is amended by adding a new clause (xliv) to read as follows: (xliv) Metropolitan commuter Amount of credit under transportation district fee tax subdivision fifty-three of credit under subsection (jjj) section two hundred ten-B
§ 3. Section 210-B of the tax law is amended by adding a new subdivision 53 to read as follows:
53. Metropolitan commuter transportation district fee tax credit. (a) Any taxpayer who pays the registration fee required by section four hundred ninety-nine-a of the vehicle and traffic law for a farm vehicle
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD01452-01-9
A. 3667 2
registered pursuant to subdivision thirteen of section four hundred one of the vehicle and traffic law shall be allowed a credit of one hundred percent of such fee against the tax otherwise imposed by this article.
(b) Application of credit. The credit allowed under this subdivision for any taxable year shall not reduce the tax due for such year to less than the fixed dollar minimum amount prescribed in paragraph (d) of subdivision one of section two hundred ten of this article. However, if the amount of credit allowed under this subdivision for any taxable year reduces the tax to such amount or if the taxpayer otherwise pays tax based on the fixed dollar minimum amount, any amount of credit thus not deductible in such taxable year shall be treated as an overpayment of tax to be credited or refunded in accordance with the provisions of section one thousand eighty-six of this chapter. Provided, however, the provisions of subsection (c) of section one thousand eighty-eight of this chapter notwithstanding, no interest shall be paid thereon.
§ 4. This act shall take effect immediately and shall apply to taxable years beginning on and after January 1, 2018.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.