|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jun 18, 2012||referred to energy|
delivered to assembly
ordered to third reading cal.1294
|Jun 12, 2012||referred to rules|
senate Bill S7662
Archive: Last Bill Status - Passed Senate
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S7662 - Details
- Current Committee:
- Law Section:
- Public Service Law
- Laws Affected:
- Amd §18-a, Pub Serv L; amd §6, Chap 59 of 2009
S7662 - Summary
Relates to a temporary annual assessment and the effectiveness of part NN of chapter 59 of the laws of 2009.
S7662 - Sponsor Memo
BILL NUMBER:S7662 TITLE OF BILL: An act to amend the public service law, in relation to a temporary annual assessment; to amend part NN of chapter 59 of the laws of 2009 amending the public service law relating to financing operations of the department of public service, in relation to the effectiveness thereof; and to amend the public service law, in relation to reducing the amount a utility can be assessed PURPOSE: To eliminate the temporary 18-A increase one year early and restore the base assessment back to one-third of one percent. SUMMARY OF PROVISIONS: ELIMINATE THE 500 PERCENT ENERGY TAX HIKE: In 2009 this tax was increased from one-third of one percent to two percent, a 500 percent increase. The phase-out of this tax hike from two percent back to the base tax would be accelerated the by one year, from 2014 to 2013.
S7662 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7662 I N S E N A T E June 12, 2012 ___________ Introduced by Sen. GRISANTI -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the public service law, in relation to a temporary annu- al assessment; to amend part NN of chapter 59 of the laws of 2009 amending the public service law relating to financing operations of the department of public service, in relation to the effectiveness thereof; and to amend the public service law, in relation to reducing the amount a utility can be assessed THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (a) of subdivision 6 of section 18-a of the public service law, as added by section 4 of part NN of chapter 59 of the laws of 2009, is amended to read as follows: (a) Notwithstanding any provision of law to the contrary, and subject to the exceptions provided for in paragraph (b) of this subdivision, for the state fiscal year beginning on April first, two thousand nine and [four] THREE state fiscal years thereafter, a temporary annual assess- ment (hereinafter "temporary state energy and utility service conserva- tion assessment") is hereby imposed on public utility companies (includ- ing for the purposes of this subdivision municipalities other than municipalities as defined in section eighty-nine-l of this chapter), corporations (including for purposes of this subdivision the Long Island power authority), and persons subject to the commission's regulation (hereinafter such public utility companies, corporations, and persons are referred to collectively as the "utility entities") to encourage the conservation of energy and other resources provided through utility entities, to be assessed in the manner provided in this subdivision; provided, however, that such assessment shall not be imposed upon tele- phone corporations as defined in subdivision seventeen of section two of this article. S 2. Section 6 of part NN of chapter 59 of the laws of 2009, amending the public service law relating to financing operations of the depart- ment of public service is amended to read as follows: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD16221-01-2
Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.
By contributing or voting you agree to the Terms of Participation and verify you are over 13.