S T A T E O F N E W Y O R K
________________________________________________________________________
9102
I N S E N A T E
February 3, 2026
___________
Introduced by Sen. SEPULVEDA -- read twice and ordered printed, and when
printed to be committed to the Committee on Cities 1
AN ACT to amend the administrative code of the city of New York, in
relation to prohibiting a utility from charging customers an excise
tax
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision (g) of section 11-1102 of the administrative
code of the city of New York, as added by local law number 88 of the
city of New York for the year 2005, is amended and a new subdivision h
is added to read as follows:
[(g)] G. Notwithstanding anything else contained in this chapter to
the contrary, for the taxable periods beginning on or after January 1,
2006, if a cooperative corporation containing at least fifteen hundred
apartments furnishes or sells electricity, steam, refrigeration or
water, or furnishes or sells electric, steam, refrigeration or water
services that are (i) metered, (ii) generated or produced by a cogenera-
tion facility owned or operated by such cooperative corporation, and
(iii) such electricity, steam, refrigeration or water and/or electric,
steam, refrigeration or water services are distributed to tenants and/or
occupants of a cooperative corporation, then such cooperative corpo-
ration shall pay to the commissioner of finance an excise tax which
shall be equal to zero per centum of its gross income or its gross oper-
ating income, as the case may be.
H. THE TAX IMPOSED BY THIS SECTION SHALL BE CHARGED AGAINST AND PAID
BY THE UTILITY AND SHALL NOT BE ADDED AS A SEPARATE ITEM TO BILLS
RENDERED BY SUCH UTILITY TO CUSTOMERS OR OTHERS BUT SHALL CONSTITUTE A
PART OF THE OPERATING COSTS OF SUCH UTILITY.
§ 2. This act shall take effect on the sixtieth day after it shall
have become a law.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD13485-01-5