Bill > S08463

This bill establishes two tax and surcharge holidays for utility customers in New York state. First, for a period of one year starting fourteen days after the bill's effective date, utility companies will be exempt from collecting gross receipts tax and sales tax, as well as several specific surcharges including system benefits charges and renewable portfolio standard charges. During this period, utility companies are required to reduce their service prices by the amount of taxes and surcharges that would have been collected. Second, the bill creates a two-year holiday for tariffs and surcharges related to renewable energy systems, electric vehicle infrastructure, and electric vehicle charging stations, meaning utility ratepayers will not be charged for these specific green energy development costs during this time. To ensure that government funds are not negatively impacted, the bill requires the state comptroller to transfer from the general fund an amount equal to what would have been collected if the tax exemptions were not in place. The bill is designed to provide financial relief to utility customers and potentially incentivize green energy adoption by reducing associated costs.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S8463