Bill Text: NY A05468 | 2019-2020 | General Assembly | Introduced


Bill Title: Establishes the rate of tax on the furnishing of utility services for the years 2019 through 2023.

Spectrum: Partisan Bill (Republican 10-0)

Status: (Introduced) 2019-02-12 - referred to ways and means [A05468 Detail]

Download: New_York-2019-A05468-Introduced.html


                STATE OF NEW YORK
        ________________________________________________________________________
                                          5468
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    February 12, 2019
                                       ___________
        Introduced  by M. of A. SCHMITT -- read once and referred to the Commit-
          tee 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 nineteen, one and
    15  five-tenths percent from January  first,  two  thousand  twenty  through
    16  December  thirty-first,  two  thousand  twenty, one percent from January
    17  first, two thousand twenty-one through December thirty-first, two  thou-
    18  sand  twenty-one, five-tenths of a percent from January first, two thou-
    19  sand twenty-two to December thirty-first, two thousand  twenty-two,  and
    20  zero  percent  commencing  January  first, two thousand twenty-three and
    21  thereafter of that portion of its gross income derived from  the  trans-
    22  portation,  transmission  or distribution of gas or electricity by means
    23  of conduits, mains, pipes, wires, lines or the  like  and  (2)  two  and
    24  one-tenth  percent  from  January  first,  two thousand through December
    25  thirty-first, two thousand, two percent from January first, two thousand
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07820-01-9

        A. 5468                             2
     1  one through December thirty-first, two thousand one, one and nine-tenths
     2  percent from January first, two thousand two  through  December  thirty-
     3  first,  two thousand two, eighty-five one hundredths of one percent from
     4  January  first,  two  thousand  three through December thirty-first, two
     5  thousand three, four-tenths of one percent from January first, two thou-
     6  sand four through December thirty-first,  two  thousand  four  and  zero
     7  percent  commencing January first, two thousand five of all of its other
     8  gross income, is hereby imposed upon every utility not taxed under para-
     9  graph (a) of this subdivision doing business  in  this  state  which  is
    10  subject  to  the  supervision  of the state department of public service
    11  which has a gross income for the year ending  December  thirty-first  in
    12  excess of five hundred dollars, except motor carriers or brokers subject
    13  to such supervision under the public service law; and
    14    § 2. This act shall take effect immediately.
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