Bill

Bill > A09849


NY A09849

NY A09849
Provides a tax credit for utility bill payments made in taxable years 2022 and 2023 based on the difference of the average monthly utility bill payment in the year in which the credit is claimed and the average monthly utility bill payment in the preceding three taxable years; establishes a moratorium on certain utility bill surcharges until April 1, 2023; provides for the repeal of such moratorium upon expiration thereof.


summary

Introduced
04/19/2022
In Committee
04/19/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

2021-2022 General Assembly

Bill Summary

Provides a tax credit for utility bill payments made in taxable years 2022 and 2023 based on the difference of the average monthly utility bill payment in the year in which the credit is claimed and the average monthly utility bill payment in the preceding three taxable years; establishes a moratorium on certain utility bill surcharges until April 1, 2023; provides for the repeal of such moratorium upon expiration thereof.

AI Summary

This bill provides a tax credit for utility bill payments made in taxable years 2022 and 2023. The credit is based on the difference between the average monthly utility bill payment in the year the credit is claimed and the average monthly utility bill payment in the preceding three taxable years. The bill also establishes a moratorium on certain utility bill surcharges until April 1, 2023, after which the moratorium will be repealed.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

referred to ways and means (on 04/19/2022)

bill text


bill summary

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