Bill Text: NY A04130 | 2021-2022 | General Assembly | Introduced

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Bill Title: Establishes the rate of tax on the furnishing of utility services for the years 2021 through 2025.

Spectrum: Partisan Bill (Republican 10-0)

Status: (Introduced - Dead) 2022-01-05 - referred to ways and means [A04130 Detail]

Download: New_York-2021-A04130-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          4130

                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                    February 1, 2021
                                       ___________

        Introduced  by  M.  of  A. SCHMITT, MANKTELOW, BYRNES, ASHBY, PALMESANO,
          McDONOUGH, DeSTEFANO, GOODELL, MONTESANO, M. MILLER -- read  once  and
          referred to the Committee on Ways and Means

        AN  ACT  to  amend  the tax law, in relation to tax on the furnishing of
          utility services

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1. Paragraph (b) of subdivision 1 of section 186-a of the tax
     2  law, as amended by section 4 of part Y of chapter  63  of  the  laws  of
     3  2000, is amended to read as follows:
     4    (b)  a tax equal to (1) two and five-tenths percent on and after Janu-
     5  ary first, two thousand through December thirty-first, two thousand, two
     6  and forty-five one hundredths percent from January first,  two  thousand
     7  one through December thirty-first, two thousand one, two and four-tenths
     8  percent  from  January  first, two thousand two through December thirty-
     9  first, two thousand two, two and twenty-five one hundredths percent from
    10  January first, two thousand three  through  December  thirty-first,  two
    11  thousand  three, two and one hundred twenty-five one thousandths percent
    12  from January first, two thousand four through December thirty-first, two
    13  thousand four and two percent [commencing] from January first, two thou-
    14  sand five, through December thirty-first two  thousand  twenty-one,  one
    15  and  five-tenths  percent  from  January  first, two thousand twenty-two
    16  through December thirty-first, two thousand twenty-two, one percent from
    17  January first, two thousand twenty-three through December  thirty-first,
    18  two  thousand twenty-three, five-tenths of a percent from January first,
    19  two thousand twenty-four to December thirty-first, two thousand  twenty-
    20  four,  and  zero  percent commencing January first, two thousand twenty-
    21  five and thereafter of that portion of its gross income derived from the
    22  transportation, transmission or distribution of gas  or  electricity  by
    23  means  of  conduits,  mains, pipes, wires, lines or the like and (2) two
    24  and one-tenth percent from January first, two thousand through  December

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06872-01-1
        A. 4130                             2

     1  thirty-first, two thousand, two percent from January first, two thousand
     2  one through December thirty-first, two thousand one, one and nine-tenths
     3  percent  from  January  first, two thousand two through December thirty-
     4  first,  two thousand two, eighty-five one hundredths of one percent from
     5  January first, two thousand three  through  December  thirty-first,  two
     6  thousand three, four-tenths of one percent from January first, two thou-
     7  sand  four  through  December  thirty-first,  two thousand four and zero
     8  percent commencing January first, two thousand five of all of its  other
     9  gross income, is hereby imposed upon every utility not taxed under para-
    10  graph  (a)  of  this  subdivision  doing business in this state which is
    11  subject to the supervision of the state  department  of  public  service
    12  which  has  a  gross income for the year ending December thirty-first in
    13  excess of five hundred dollars, except motor carriers or brokers subject
    14  to such supervision under the public service law; and
    15    § 2. This act shall take effect immediately.