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 - Dead) 2020-01-08 - 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. LBD07820-01-9A. 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.