S T A T E O F N E W Y O R K
2011-2012 Regular Sessions
I N S E N A T E
February 14, 2011
Introduced by Sens. RANZENHOFER, DeFRANCISCO, MAZIARZ -- read twice and
ordered printed, and when printed to be committed to the Committee on
Investigations and Government Operations -- recommitted to the Commit-
tee on Investigations and Government Operations in accordance with
Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered
reprinted as amended and recommitted to said committee
AN ACT to amend the tax law, in relation to the creation of an E-ZPass
expense tax credit
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 606 of the tax law is amended by adding a new
subsection (uu) to read as follows:
(UU) CREDIT FOR E-ZPASS EXPENSES. (1) ALLOWANCE AND AMOUNT OF CREDIT.
A TAXPAYER, WHO HAS E-ZPASS EXPENSES INCURRED IN NEW YORK STATE, SHALL
BE ALLOWED A CREDIT, TO BE COMPUTED AS PROVIDED IN THIS SUBSECTION,
AGAINST THE TAX IMPOSED BY THIS ARTICLE. THE AMOUNT OF THE CREDIT SHALL
BE EQUAL TO AN AMOUNT NOT TO EXCEED FIVE HUNDRED DOLLARS.
(2) DEFINITION. THE TERM "E-ZPASS" SHALL, FOR THE PURPOSES OF THIS
SUBSECTION, REFER TO A SYSTEM OF COLLECTING TOLLS OR CHARGES WHICH IS
CAPABLE OF CHARGING AN ACCOUNT HOLDER THE APPROPRIATE TOLL OR CHARGE BY
TRANSMISSION OF INFORMATION FROM AN ELECTRONIC DEVICE ON A MOTOR VEHICLE
TO THE TOLL LANE, WHICH INFORMATION IS USED TO CHARGE THE ACCOUNT THE
APPROPRIATE TOLL OR CHARGE.
(3) APPLICATION OF CREDIT. IF THE AMOUNT OF THE CREDIT SHALL EXCEED
THE TAXPAYER'S TAX FOR SUCH YEAR THE EXCESS SHALL BE CARRIED OVER TO THE
FOLLOWING YEAR OR YEARS, AND MAY BE DEDUCTED FROM THE TAXPAYER'S TAX FOR
SUCH YEAR OR YEARS. NO CREDIT SHALL BE ALLOWED UNDER THIS SECTION WHERE
SUCH EXPENSE HAS BEEN CLAIMED AS AN EXPENSE OR DEDUCTION ON ANY TAX
S 2. This act shall take effect the first of January next succeeding
the date on which it shall have become a law.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.