S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  8750--A
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             October 25, 2017
                                ___________
 
 Introduced  by  M.  of  A.  MONTESANO,  LAVINE, RA, McDONOUGH, ABINANTI,
   PELLEGRINO -- Multi-Sponsored by -- M. of A. BRABENEC -- read once and
   referred to the Committee on Ways and  Means  --  recommitted  to  the
   Committee on Ways and Means in accordance with Assembly Rule 3, sec. 2
   --  committee  discharged,  bill amended, ordered reprinted as amended
   and recommitted to said committee
 
 AN ACT to amend the tax law, in relation to establishing  a  credit  for
   customers  of  certain  private  water  utilities;  and in relation to
   requiring a feasibility study relating to the Jericho Water  District;
   and providing for the repeal of such provisions upon expiration there-
   of
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 606 of the tax law  is  amended  by  adding  a  new
 subsection (ccc) to read as follows:
   (CCC)  PRIVATE WATER UTILITY BILL RELIEF CREDIT. (1) GENERAL. AN INDI-
 VIDUAL TAXPAYER WHO IS SERVICED BY A PRIVATE WATER UTILITY, SERVING  THE
 TOWNS OF HEMPSTEAD AND OYSTER BAY LOCATED IN THE COUNTY OF NASSAU, SHALL
 BE ALLOWED A CREDIT AGAINST THE TAX IMPOSED BY THIS ARTICLE EQUAL TO THE
 AMOUNT  OF  ANY  ANNUAL  INCREASE  OF  SUCH TAXPAYER'S ANNUAL WATER BILL
 DIRECTLY ASCRIBABLE TO AN  INCREASE  IN  PROPERTY  TAXES  PAID  BY  SUCH
 PRIVATE WATER UTILITY.
   (2)  CERTIFICATION FOR CREDIT ALLOWANCE. THE COMMISSIONER SHALL DETER-
 MINE THE PROCEDURE FOR CERTIFICATION FOR THE CREDIT AUTHORIZED  PURSUANT
 TO THIS SUBSECTION.
   §  2.    The  public  service commission, in conjunction with affected
 municipal corporations located in the county of Nassau, shall conduct  a
 feasibility study of the practicality of Jericho Water District, located
 in  the  town of Oyster Bay, supplying water to any current customers of
 American Water services. Such study shall examine the potential costs to
 the Jericho Water District of serving  these  customers,  the  potential
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD13399-03-8

 A. 8750--A                          2
 
 costs  to  Jericho Water District of acquiring the rights to serve these
 customers, the potential new water rates as a result of  such  transfer,
 and  any  other  information  deemed  relevant by the affected municipal
 corporations. On or before December 31, 2018, the public service commis-
 sion  shall  submit  such  feasibility  study to the governor, temporary
 president of the senate, and speaker of the assembly.  For  purposes  of
 this  section,  "municipal  corporations" shall have the same meaning as
 such term is defined by section two of the general municipal law.
   § 3. This act shall take effect immediately; provided, however section
 one of this act shall apply to taxable years beginning on and after  the
 first  of January next succeeding the date on which it shall have become
 a law; provided, further, that this  act  shall  expire  and  be  deemed
 repealed December 31, 2021.