Creates a congestion toll offset tax credit

This bill creates a tax credit for residents of Rockland and Orange counties to help offset the cost of congestion tolls. It allows individuals who pay tolls to cross the Governor Mario M. Cuomo Bridge or the George Washington Bridge to receive a credit if they enter the congestion tolling zone within two hours of crossing. The credit amount equals the total qualified tolls paid during the tax year, with specific rules for how the credit is calculated for married couples filing jointly. The legislation applies immediately to the tax year it takes effect and all subsequent years.