Bill Text: NY S08399 | 2017-2018 | General Assembly | Introduced

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Bill Title: Establishes the rate of tax on the furnishing of utility services for the years 2018 through 2022.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Engrossed - Dead) 2018-05-07 - referred to ways and means [S08399 Detail]

Download: New_York-2017-S08399-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          8399
                    IN SENATE
                                       May 4, 2018
                                       ___________
        Introduced  by  Sen.  GRIFFO -- read twice and ordered printed, and when
          printed to be committed to the Committee on  Energy  and  Telecommuni-
          cations
        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 eighteen, one  and
    15  five-tenths  percent  from  January first, two thousand nineteen through
    16  December thirty-first, two thousand nineteen, one percent  from  January
    17  first,  two  thousand twenty through December thirty-first, two thousand
    18  twenty, five-tenths of a percent from January first, two thousand  twen-
    19  ty-one  to  December  thirty-first,  two  thousand  twenty-one, and zero
    20  percent commencing January first, two thousand twenty-two and thereafter
    21  of that portion of its gross income  derived  from  the  transportation,
    22  transmission or distribution of gas or electricity by means of conduits,
    23  mains, pipes, wires, lines or the like and (2) two and one-tenth percent
    24  from  January  first,  two  thousand  through December thirty-first, two
    25  thousand, two percent from  January  first,  two  thousand  one  through
    26  December  thirty-first,  two  thousand  one, one and nine-tenths percent
    27  from January first, two thousand two through December thirty-first,  two
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15612-01-8
        S. 8399                             2
     1  thousand  two,  eighty-five  one  hundredths of one percent from January
     2  first, two thousand three through December  thirty-first,  two  thousand
     3  three,  four-tenths of one percent from January first, two thousand four
     4  through  December  thirty-first,  two  thousand  four  and  zero percent
     5  commencing January first, two thousand five of all of  its  other  gross
     6  income,  is  hereby imposed upon every utility not taxed under paragraph
     7  (a) of this subdivision doing business in this state which is subject to
     8  the supervision of the state department of public service  which  has  a
     9  gross income for the year ending December thirty-first in excess of five
    10  hundred dollars, except motor carriers or brokers subject to such super-
    11  vision under the public service law; and
    12    § 2. This act shall take effect immediately.