S T A T E O F N E W Y O R K
________________________________________________________________________
2134
2009-2010 Regular Sessions
I N S E N A T E
February 11, 2009
___________
Introduced by Sen. KRUGER -- read twice and ordered printed, and when
printed to be committed to the Committee on Energy and Telecommuni-
cations
AN ACT to amend the tax law, in relation to reimposing the energy busi-
ness tax which expired on September 1, 1991
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision (a) of section 301-i of the tax law, as
amended by chapter 410 of the laws of 1991, is amended to read as
follows:
(a) Imposition of tax. For taxable months commencing on and after July
first, [nineteen hundred ninety-one and ending before September first,
nineteen hundred ninety-one] TWO THOUSAND NINE, there is hereby imposed
on every energy business for the privilege of engaging in business,
doing business, employing capital, owning or leasing property, or main-
taining an office in this state, a monthly tax for each or any part of a
taxable month equal to the energy business component determined pursuant
to subdivision (b) of this section. In no event shall the tax imposed by
this section be less than twenty-five dollars for each or any part of a
taxable month.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD08809-01-9