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Assembly Bill A9044A

2017-2018 Legislative Session

Relates to directing the public service commission and the department of public service to study and report upon the potential to pass the tax savings incurred by public utility companies to ratepayers

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Archive: Last Bill Status - In Assembly Committee

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Bill Amendments

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2017-A9044 - Details

See Senate Version of this Bill:
S7435
Current Committee:
Assembly Ways And Means
Law Section:
Public Services

2017-A9044 - Summary

Relates to directing the public service commission and the department of public service to study and report upon the potential to pass the tax savings incurred by public utility companies to ratepayers; requires two public hearings on such topic; repealer.

2017-A9044 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
     S. 7435                                                  A. 9044
 
                       S E N A T E - A S S E M B L Y
 
                             January 18, 2018
                                ___________
 
 IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print-
   ed,  and  when  printed to be committed to the Committee on Energy and
   Telecommunications
 
 IN ASSEMBLY -- Introduced by M. of A. ENGLEBRIGHT, LAVINE, THIELE, McDO-
   NALD -- read once and  referred  to  the  Committee  on  Corporations,
   Authorities and Commissions

 AN  ACT  to  direct  the public service commission and the department of
   public service to study and report upon the potential to pass the  tax
   savings  incurred  by  public  utility  companies  to  ratepayers; and
   providing for the repeal of such provisions upon the expiration there-
   of
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  The public service commission shall examine, evaluate and
 make recommendations in  consultation  with  the  department  of  public
 service,  who  shall  also  examine,  evaluate  and make recommendations
 concerning the tax savings caused by federal tax reform  of  any  public
 utility  company as defined in subdivision 23 of section 2 of the public
 service law including any parent company, subsidiary thereof  or  affil-
 iate  and  any public authority created under the public authorities law
 who contracts with for-profit utility companies including such  for-pro-
 fit  utility companies, parent company, subsidiary thereof or affiliate.
 The commission and the department shall study specifically whether  such
 tax  savings  should be passed on to ratepayers of such companies in the
 form of refunds or decreased rates, and should make  recommendations  on
 the  regulatory  and  statutory provisions necessary to make passing the
 savings to ratepayers possible.
   § 2. The public service commission shall  hold  at  least  two  public
 hearings  in the state for the purpose of conducting their duties pursu-
 ant to section one of this act.
   § 3. On or before the ninetieth day after this act shall take  effect,
 the public service commission and the department of public service shall
 submit  a  report  of their findings, conclusions and recommendations to
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

co-Sponsors

multi-Sponsors

2017-A9044A (ACTIVE) - Details

See Senate Version of this Bill:
S7435
Current Committee:
Assembly Ways And Means
Law Section:
Public Services

2017-A9044A (ACTIVE) - Summary

Relates to directing the public service commission and the department of public service to study and report upon the potential to pass the tax savings incurred by public utility companies to ratepayers; requires two public hearings on such topic; repealer.

2017-A9044A (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
     S. 7435--A                                            A. 9044--A
     Cal. No. 719
 
                       S E N A T E - A S S E M B L Y
 
                             January 18, 2018
                                ___________
 
 IN  SENATE  --  Introduced  by  Sens.  LAVALLE, GRIFFO -- read twice and
   ordered printed, and when printed to be committed to the Committee  on
   Energy  and Telecommunications -- reported favorably from said commit-
   tee, ordered to first and second report, ordered to a  third  reading,
   amended  and  ordered  reprinted,  retaining its place in the order of
   third reading
 
 IN ASSEMBLY -- Introduced by M. of A. ENGLEBRIGHT, LAVINE, THIELE, McDO-
   NALD, SEAWRIGHT, GUNTHER, D'URSO, SIMON, M. G. MILLER, COLTON,  SKOUF-
   IS,  GALEF, HUNTER, JAFFEE, ZEBROWSKI, PICHARDO, LIFTON, CAHILL, GOTT-
   FRIED, CRESPO, JENNE, ABINANTI, GLICK, RICHARDSON, DAVILA, RA,  STECK,
   BUCHWALD,  NIOU  -- Multi-Sponsored by -- M. of A.  DE LA ROSA, SCHIM-
   MINGER -- read once and referred to  the  Committee  on  Corporations,
   Authorities  and Commissions -- reported and referred to the Committee
   on Ways and Means  --  committee  discharged,  bill  amended,  ordered
   reprinted as amended and recommitted to said committee
 
 AN  ACT  to  direct  the public service commission and the department of
   public service to study and report upon the potential to pass the  tax
   savings  incurred  by  public  utility  companies  to  ratepayers; and
   providing for the repeal of such provisions upon the expiration there-
   of
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  The public service commission shall examine, evaluate and
 make recommendations in  consultation  with  the  department  of  public
 service,  who  shall  also  examine,  evaluate  and make recommendations
 concerning the tax savings caused by federal  tax  reform,  pursuant  to
 Public Law No. 115-97 enacted on December 22, 2017, of any public utili-
 ty  company  as  defined  in  subdivision  23 of section 2 of the public
 service law including any parent company, subsidiary thereof  or  affil-
 iate  and  any public authority created under the public authorities law
 who contracts with for-profit utility companies including such  for-pro-
 fit  utility companies, parent company, subsidiary thereof or affiliate.
 The commission and the department shall study specifically whether  such

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