S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5886
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                     March 5, 2015
                                      ___________
       Introduced by M. of A. KAVANAGH -- read once and referred to the Commit-
         tee on Ways and Means
       AN  ACT  to amend the tax law, in relation to establishing a transporta-
         tion credit for those employed in large cities
         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) TRANSPORTATION FOR COMMUTERS TO LARGE CITIES.  (1) ALLOWANCE  OF
    4  CREDIT.  A  TAXPAYER SHALL BE ALLOWED A CREDIT, TO BE COMPUTED AS HEREIN
    5  PROVIDED, AGAINST THE TAX IMPOSED BY THIS ARTICLE FOR QUALIFIED  EMPLOY-
    6  EES AND QUALIFIED SELF-EMPLOYEES.
    7    (2) QUALIFIED EMPLOYEE OR SELF-EMPLOYEE IS AN INDIVIDUAL WHO:
    8    (A) IS A FULL-TIME RESIDENT OF THE STATE OF NEW YORK,
    9    (B)  IS  EMPLOYED  OR  SELF-EMPLOYED WITHIN A CITY HAVING A POPULATION
   10  GREATER THAN ONE MILLION (OR LARGE CITY), AND
   11    (C) RESIDES OUTSIDE SUCH CITY AND COMMUTES TO EMPLOYMENT  WITHIN  SUCH
   12  CITY BY MEANS OF ROADS, BRIDGES, PATHS, RAILROAD LINES, AIR SPACE, WITH-
   13  IN THE STATE OF NEW YORK.
   14    (3)  AMOUNT  OF  CREDIT.  THE AMOUNT OF CREDIT SHALL BE ONE PERCENT OF
   15  LARGE CITY INCOME DEFINED AS THE SUM OF WAGES EARNED WITHIN A LARGE CITY
   16  PLUS NET EARNINGS FROM SELF-EMPLOYMENT WITHIN A LARGE CITY.
   17    S 2. This act shall take effect immediately and  shall  apply  to  all
   18  taxable years beginning on or after the first of January next succeeding
   19  the date on which this act shall have become law.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD04377-01-5