S T A T E   O F   N E W   Y O R K
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                                   6017
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                               May 16, 2019
                                ___________
 
 Introduced  by  Sen.  GRIFFO -- read twice and ordered printed, and when
   printed to be committed to the Committee on Budget and Revenue
 
 AN ACT to amend the tax law, in relation to providing a  tax  credit  to
   certain landowners who allow snowmobile access on such land
 
   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 (n-3) to read as follows:
   (N-3)  CREDIT FOR CERTAIN LANDOWNERS WHO ALLOW SNOWMOBILE ACCESS.  (1)
 AN INDIVIDUAL TAXPAYER WHO MEETS THE ELIGIBILITY STANDARDS IN  PARAGRAPH
 TWO  OF  THIS  SUBSECTION  SHALL  BE  ALLOWED A CREDIT AGAINST THE TAXES
 IMPOSED BY THIS ARTICLE IN THE AMOUNT SPECIFIED IN  PARAGRAPH  THREE  OF
 THIS SUBSECTION.
   (2)  TO  BE ELIGIBLE FOR THE CREDIT, THE TAXPAYER (OR TAXPAYERS FILING
 JOINT RETURNS) ON THE PERSONAL INCOME TAX RETURN MUST  ALLOW  SNOWMOBILE
 ACCESS IN THE FORM OF A STATE-FUNDED SNOWMOBILE TRAIL OR PORTION THEREOF
 ON PROPERTY OWNED BY THE TAXPAYER.
   (3) A TAXPAYER SHALL BE ALLOWED A CREDIT EQUAL TO TEN CENTS PER LINEAR
 FOOT  OF  STATE-FUNDED SNOWMOBILE TRAIL ON ELIGIBLE PROPERTY PURSUANT TO
 PARAGRAPH TWO OF THIS SUBSECTION.
   (4) THE AMOUNT OF THE CREDIT THAT MAY BE CLAIMED BY A TAXPAYER  PURSU-
 ANT  TO  THIS SUBSECTION SHALL NOT EXCEED SEVEN HUNDRED FIFTY DOLLARS IN
 ANY GIVEN YEAR.
   (5) IF THE AMOUNT OF CREDIT ALLOWABLE UNDER THIS  SUBSECTION  FOR  ANY
 TAXABLE  YEAR  SHALL EXCEED THE TAXPAYER'S TAX FOR SUCH YEAR, THE EXCESS
 ALLOWED FOR A TAXABLE YEAR COMMENCING PRIOR TO JANUARY FIRST, TWO  THOU-
 SAND  TWENTY  MAY BE CARRIED OVER TO THE FOLLOWING YEAR OR YEARS AND MAY
 BE DEDUCTED FROM THE TAXPAYER'S TAX FOR SUCH YEAR OR YEARS,  BUT  IN  NO
 EVENT  SHALL  SUCH CREDIT BE CARRIED OVER TO TAXABLE YEARS COMMENCING ON
 OR AFTER JANUARY FIRST, TWO THOUSAND THIRTY, AND ANY  AMOUNT  OF  CREDIT
 ALLOWED  FOR  A  TAXABLE  YEAR COMMENCING ON OR AFTER JANUARY FIRST, TWO
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD06414-01-9

 S. 6017                             2
 
 THOUSAND TWENTY AND NOT DEDUCTIBLE IN SUCH YEAR MAY BE CARRIED  OVER  TO
 THE  TEN  TAXABLE  YEARS  NEXT  FOLLOWING  SUCH  TAXABLE YEAR AND MAY BE
 DEDUCTED FROM THE TAXPAYER'S TAX FOR SUCH YEAR  OR  YEARS.  IN  LIEU  OF
 CARRYING  OVER  ANY  SUCH EXCESS, A TAXPAYER WHO IS ELIGIBLE PURSUANT TO
 PARAGRAPH TWO OF THIS SUBSECTION MAY, AT HIS OR HER OPTION, RECEIVE SUCH
 EXCESS AS A REFUND. ANY REFUND PAID PURSUANT TO THIS PARAGRAPH SHALL  BE
 DEEMED  TO  BE  A REFUND OF AN OVERPAYMENT OF TAX AS PROVIDED IN SECTION
 SIX HUNDRED EIGHTY-SIX OF  THIS  ARTICLE,  PROVIDED,  HOWEVER,  THAT  NO
 INTEREST SHALL BE PAID THEREON.
   §  2. This act shall take effect on the first of January next succeed-
 ing the date on which it shall have become a  law  and  shall  apply  to
 taxable  years  beginning on or after such date. The department of taxa-
 tion and finance is  authorized  to  promulgate  rules  and  regulations
 necessary  for  the  timely implementation of this act on or before such
 effective date.