NY A00966

Allows taxicab and livery service companies a tax credit equal to the incremental cost of upgrading vehicles to be accessible to individuals with disabilities, capped at $10,000 per vehicle.

Applies a flat $10,000 credit for new vehicles initially manufactured as disability-accessible when no comparable non-accessible model exists.

Defines "accessible" vehicles as those complying with federal Americans with Disabilities Act regulations under Department of Transportation Code of Federal Regulations Title 49, Parts 37 and 38, and related federal standards.

Permits unused credits to carry forward to subsequent tax years if they exceed the taxpayer's current year tax liability.

Takes effect immediately and applies to tax years commencing January 1, 2011 through December 31, 2016, after which the provision automatically repeals.