Form Tsb-M-06(4)i - Supplemental Summary Of Personal Income Tax Legislative Changes Enacted In 2005 And Expiring Provisions - Office Of Tax Policy Analysis Technical Services Division Page 8
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TSB-M-06(4)I
Income Tax
April 12, 2006
Alternative fuels credit
The New York State Tax Law provided for personal income tax credits for the purchase
of new electric vehicles or qualified hybrid vehicles, and for the conversion of gasoline powered
or diesel powered vehicles to alternative fuel (clean-fuel) use. Investments in new clean-fuel
vehicle refueling property also qualified for the credits. Except for qualified hybrid vehicles,
which must have been placed in service in tax years beginning on or after January 1, 2000 and
before 2005, the credit only applied to property placed in service in tax years beginning after
1997 and before 2005. Accordingly, no new alternative fuels credits will be allowed for property
placed in service in tax years beginning after 2004. However, taxpayers who have a carryover
from an alternative fuels credit allowed for property placed in service in a prior year may
continue to carry that credit forward until it is used up.
For more information on the alternative fuels credits, see TSB-M-98(4)I, TSB-M-02(10)I and
TSB-M-04(3.1)I.
(Tax Law, section 606(p); Chapter 60 of the Laws of 2004)
Construction employer filing requirements
Workers’ compensation reform legislation enacted in 1998 imposed additional filing
requirements on certain employers of construction workers. As a result, an employer with payroll
in certain New York Compensation Insurance Rating Board construction classification codes
were required to file Form NYS-45-CC, Quarterly Supplemental Return for Construction
Employers, for each quarter in which the employer had at least one employee performing
commercial construction work. The return was to be filed as a part of their NYS-45, Quarterly
Combined Withholding, Wage Reporting and Unemployment Insurance Return.
Effective January 1, 2006, no employer is required to file Form NYS-45-CC.
Accordingly, the fourth quarter of 2005 was the last quarter Form NYS-45-CC was required to
be filed.
(Tax Law, section 674(a)(6); Chapter 135 of the Laws of 1998)
Zone Equivalent Area (ZEA) wage tax credit
The ZEA wage tax credit was allowed to a business certified under Article 18-B of the
General Municipal Law that met certain increased employment levels in New York State in a
ZEA during the tax year. A zone equivalent area (ZEA) is an area within New York State that
has been designated as a ZEA under Article 18-B of the General Municipal Law.
Effective June 13, 2004, the ZEA wage tax credit for all Zone Equivalent Areas has
expired. For tax years beginning after June 13, 2004, taxpayers may only claim a ZEA wage tax
carryover of credit from previous years.
(Tax Law section, 606(k); Chapter 170 of the Laws of 1994)
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