Bill Text: DE SB136 | 2015-2016 | 148th General Assembly | Draft

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Bill Title: An Act To Amend Title 30 Of The Delaware Code Relating To Utility Taxes.

Spectrum: Partisan Bill (Republican 16-0)

Status: (Introduced - Dead) 2015-06-11 - Assigned to Energy & Transit Committee in Senate [SB136 Detail]

Download: Delaware-2015-SB136-Draft.html

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SPONSOR:	Sen. Simpson
	Sens. Bonini, Cloutier, Hocker, Lavelle, Lawson, Lopez, Pettyjohn, Richardson; Reps. Briggs King, Collins, Gray, Kenton, Outten, Wilson

DELAWARE STATE SENATE

148th GENERAL ASSEMBLY

SENATE BILL NO. 136

AN ACT TO AMEND TITLE 30 OF THE DELAWARE CODE RELATING TO UTILITY TAXES.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:

Section 1.Amend Chapter 55, Title 30, Delaware Code by making deletions as shown by strike through and insertions as shown by underline as follows:

§ 5511 Rebate of Utility Tax for electric customers overpaying a Renewable Compliance Charge

A regulated Public Utility shall automatically rebate the Utility tax, up to the full amount of the Utility Tax due, to any electric customer, an amount equal to any Renewable Compliance Charge that exceeds 3% of their monthly electric bill.The rebate amount shall be shown on the electric bill as a line item on the bill under the Renewable Compliance Charge.The Public Utility will be exempt from remitting any rebated tax to the State of Delaware.

SYNOPSIS

The 3% Cost Cap for the Renewable Compliance Charge to electric customers established in the Renewable Energy Portfolio Standards Act is being exceeded by the cost of contracts for energy credits that cannot be re-negotiated, or canceled.This Bill provides a mechanism for electric customers to be reimbursed for that portion of their Renewable Compliance Charge that exceeds 3%, up to the total amount of the Utility Tax.

AUTHOR:Sen. Simpson