Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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---|---|
Jul 21, 2025 |
referred to rules |
Senate Bill S8463
2025-2026 Legislative Session
Sponsored By
(R) 39th Senate District
Current Bill Status - In Senate Committee Rules Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
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- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2025-S8463 (ACTIVE) - Details
- Current Committee:
- Senate Rules
- Law Section:
- Tax Law
- Laws Affected:
- Add §§47-a & 47-b, Tax L; add §89-l, St Fin L
2025-S8463 (ACTIVE) - Sponsor Memo
BILL NUMBER: S8463 SPONSOR: ROLISON TITLE OF BILL: An act to amend the tax law and the state finance law, in relation to establishing a one-year utility bill tax and surcharge holiday; and to amend the tax law, in relation to establishing a two-year green energy tax holiday PURPOSE: To establish a one-year utility bill tax and surcharge holiday and a two-year green energy tax holiday to provide relief to New York families that are facing skyrocketing utility bills. SUMMARY OF PROVISIONS: Section 1. Provides a one-year utility bill tax and surcharge holiday. The following taxes would be exempt from utility customers' bills: gross receipts tax and sales tax. The following surcharges would be exempt from utility customers' bills: system benefits charge, temporary
2025-S8463 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8463 2025-2026 Regular Sessions I N S E N A T E July 21, 2025 ___________ Introduced by Sen. ROLISON -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the tax law and the state finance law, in relation to establishing a one-year utility bill tax and surcharge holiday; and to amend the tax law, in relation to establishing a two-year green energy tax holiday THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The tax law is amended by adding a new section 47-a to read as follows: § 47-A. UTILITY BILL TAX AND SURCHARGE HOLIDAY. (A) DEFINITIONS. FOR THE PURPOSES OF THIS SECTION, THE FOLLOWING TERMS HAVE THE FOLLOWING MEANINGS: (1) "APPLICABLE PERIOD" SHALL MEAN THE PERIOD BEGINNING FOURTEEN DAYS AFTER THE EFFECTIVE DATE OF THIS SECTION AND ENDING ONE YEAR AFTER SUCH BEGINNING DATE. (2) "UTILITY COMPANY" SHALL HAVE THE SAME MEANING AS SUCH TERM IS DEFINED IN SECTION TWO OF THE PUBLIC SERVICE LAW. (B) (1) EXEMPTION FROM TAXATION. NOTWITHSTANDING ANY OTHER PROVISION OF LAW, RULE OR REGULATION TO THE CONTRARY, THE FOLLOWING TAXES IMPOSED ON UTILITY CUSTOMERS DURING THE APPLICABLE PERIOD SHALL BE EXEMPT; GROSS RECEIPTS TAX AND SALES TAX. (2) EXEMPTION FROM SURCHARGES. NOTWITHSTANDING ANY OTHER PROVISION OF LAW, RULE OR REGULATION TO THE CONTRARY, THE FOLLOWING SURCHARGES IMPOSED ON UTILITY CUSTOMERS MADE DURING THE APPLICABLE PERIOD SHALL BE EXEMPT; SYSTEM BENEFITS CHARGE, TEMPORARY STATE ASSESSMENT/INCREMENTAL STATE ASSESSMENT CHARGE AND THE RENEWABLE PORTFOLIO STANDARD CHARGE. (C) PRICE REDUCTION. DURING THE APPLICABLE PERIOD THE UTILITY COMPANY SHALL REDUCE THE PRICE OF SERVICES BY THE AMOUNT OF TAX AND SURCHARGES IN EXCESS THAT WOULD HAVE BEEN COLLECTED FROM THE CUSTOMER IF THE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13506-02-5 S. 8463 2
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