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Assembly Bill A8079

2017-2018 Legislative Session

Relates to providing a tax credit to employers who subsidize an employee's use of public transportation

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2017-A8079 (ACTIVE) - Details

See Senate Version of this Bill:
S5971
Law Section:
Tax Law
Laws Affected:
Amd §210-B, Tax L
Versions Introduced in 2019-2020 Legislative Session:
A8017, S2712

2017-A8079 (ACTIVE) - Summary

Relates to providing a tax credit to employers who subsidize an employee's use of public transportation.

2017-A8079 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8079
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 25, 2017
                                ___________
 
 Introduced  by  M.  of  A.  SEPULVEDA  --  read once and referred to the
   Committee on Ways and Means
 
 AN ACT to amend the tax law, in relation to providing a  tax  credit  to
   employers who subsidize an employee's use of public transportation
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 210-B of the tax law is amended  by  adding  a  new
 subdivision 53 to read as follows:
   53.  EMPLOYER TRANSPORTATION CREDIT. (A) A TAXPAYER SHALL BE ALLOWED A
 CREDIT, TO BE COMPUTED AS HEREINAFTER PROVIDED, AGAINST THE TAX  IMPOSED
 BY THIS ARTICLE. THE AMOUNT OF THE CREDIT SHALL BE EQUAL TO EITHER:
   (I)  FIFTEEN PERCENT OF THE EXPENSES INCURRED DURING A TAXABLE YEAR IN
 PROVIDING PUBLIC TRANSPORTATION SERVICES FOR  EMPLOYEES,  PROVIDED  THAT
 THE  TAXPAYER  CONTRIBUTE  AT LEAST FIFTY PERCENT OF AN EMPLOYEE'S TOTAL
 PUBLIC TRANSPORTATION SERVICE COST.
   (II) TWENTY-FIVE PERCENT OF THE EXPENSES  INCURRED  DURING  A  TAXABLE
 YEAR IN PROVIDING PUBLIC TRANSPORTATION SERVICES FOR EMPLOYEES, PROVIDED
 THAT  THE TAXPAYER CONTRIBUTE ONE HUNDRED PERCENT OF AN EMPLOYEE'S TOTAL
 PUBLIC TRANSPORTATION SERVICE COST.
   (B) FOR THE  PURPOSES  OF  THIS  SUBDIVISION,  "PUBLIC  TRANSPORTATION
 SERVICE"  SHALL  HAVE  THE  SAME  DEFINITION  AS  IN SUBDIVISION FIVE OF
 SECTION SEVENTY-THREE-C OF THE TRANSPORTATION LAW.
   (C) A TAXPAYER MAY CONTRIBUTE TO AN  EMPLOYEE'S  TOTAL  TRANSPORTATION
 SERVICE COST IN THE FOLLOWING MANNERS:
   (I)  BY  REIMBURSING AN EMPLOYEE DIRECTLY FOR THE COST OF THE EXPENSES
 INCURRED FOR SERVICES;
   (II) BY PROVIDING PASSES FOR  PURCHASE  DIRECTLY  TO  EMPLOYEES  AT  A
 DISCOUNTED RATE; OR
   (III) BY ALLOWING EMPLOYEES TO INCUR A PAYROLL DEDUCTION.
   (D)  SUCH  PASS  MUST COVER A MINIMUM OF ONE YEAR PER EMPLOYEE FOR THE
 TAXPAYER TO CLAIM A CREDIT UNDER THIS SECTION.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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