Creates a tax credit for small businesses which are required to have and maintain marine bulkheads for the full cost of such maintenance during the taxable year.

This bill proposes a tax credit for small businesses in New York that are required to have and maintain marine bulkheads. The credit would cover the full cost of maintenance during the taxable year, helping to reduce financial burdens on these businesses.

Supporters of the bill argue that it provides essential financial relief to small businesses that contribute to the local economy and environmental protection through the maintenance of marine bulkheads. They believe this tax credit could encourage more businesses to invest in necessary infrastructure, ultimately benefiting the community.

Critics may argue that the bill could lead to a loss of tax revenue for the state, potentially impacting funding for public services. They might also contend that it disproportionately benefits certain businesses over others, raising concerns about fairness in tax policy.