Bill Text: NY A10483 | 2015-2016 | General Assembly | Introduced

---

Bill Title: Relates to establishing a personal income tax credit for parking expenses paid by a taxpayer in the course of his or her place of employment.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2016-05-31 - referred to ways and means [A10483 Detail]

Download: New_York-2015-A10483-Introduced.html

---

                STATE OF NEW YORK
        ________________________________________________________________________
                                          10483
                   IN ASSEMBLY
                                      May 31, 2016
                                       ___________
        Introduced  by  M.  of  A.  SCHIMMINGER -- read once and referred to the
          Committee on Ways and Means
        AN ACT to amend the tax law, in  relation  to  establishing  a  personal
          income  tax  credit  for  parking  expenses  paid by a taxpayer in the
          course of his or her place of employment
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Section  606  of  the  tax law is amended by adding a new
     2  subsection (ccc) to read as follows:
     3    (ccc) Commuter parking credit. (1) General. Each individual  qualified
     4  taxpayer  shall  be  allowed  a  credit  not to exceed two hundred fifty
     5  dollars during any taxable year, to be  computed  as  provided  in  this
     6  subsection,  against the tax imposed by this article for qualified park-
     7  ing expenses paid during such taxable year.
     8    (2) Definitions. (A) The term "qualified taxpayer"  means  a  resident
     9  taxpayer who commutes to and from his or her place of employment and who
    10  pays  for his or her parking not less than three times each week for not
    11  less than forty-five weeks during the taxable year.
    12    (B) The term "qualified parking expenses" means parking  fees  imposed
    13  for  use  of  a  parking spot on a street or in a garage, parking lot or
    14  other place of business engaged in providing parking for motor  vehicles
    15  within  the  state, and fees were paid while a qualified taxpayer was in
    16  the course of commuting to and from his or her place of employment.
    17    (3) Amount of credit. The  amount  of  the  credit  pursuant  to  this
    18  subsection  shall  be  the  first two hundred fifty dollars of qualified
    19  parking expenses paid by an individual  qualified  taxpayer  during  the
    20  taxable  year,  except  in  the  case where two qualified taxpayers file
    21  jointly, the amount of such credit  shall  be  the  first  five  hundred
    22  dollars of the qualified parking expenses paid by such qualified taxpay-
    23  ers  during  the taxable year as computed by adding the tax credits each
    24  would be allowed pursuant to this subsection if they each filed individ-
    25  ually.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15574-01-6
        A. 10483                            2
     1    (4) Proof of claim. The commissioner may require a qualified  taxpayer
     2  to  furnish proof of his or her qualified parking expenses in support of
     3  his or her claim for credit under this subsection.
     4    §  2.  This  act  shall take effect immediately and shall apply to the
     5  taxable year in which it takes effect and taxable years commencing ther-
     6  eafter.