New York S 8463: Provides a one-year utility bill tax and surcharge holiday and two-year green energy tax holiday

Bill Text

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S08463 Summary:

BILL NOS08463 

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SAME ASSAME AS A10938

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SPONSORROLISON

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COSPNSROBERACKER, BORRELLO, CANZONERI-FITZPATRICK, CHAN, GRIFFO, HELMING, LANZA, MATTERA, MURRAY, O'MARA,
 ORTT, PALUMBO, RHOADS, STEC, TEDISCO, WEBER, WEIK

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MLTSPNSR

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Add §§47-a & 47-b, Tax L; add §89-l, St Fin L

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Establishes a one-year utility bill tax and surcharge holiday and a two-year green energy tax holiday.

Go to top S08463 Actions:

BILL NOS08463 

&nbsp

07/21/2025REFERRED TO RULES

01/07/2026REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

03/06/2026NOTICE OF COMMITTEE CONSIDERATION - REQUESTED

05/12/2026REPORTED AND COMMITTED TO ENERGY AND TELECOMMUNICATIONS

Go to topS08463 Committee&nbspVotes:

Go to topS08463 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS08463 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8463

 2025-2026 Regular Sessions

 IN SENATE

 July 21, 2025
 ___________

 Introduced by Sen. ROLISON -- read twice and ordered printed, and when
 printed to be committed to the Committee on Rules

 AN ACT to amend the tax law and the state finance law, in relation to
 establishing a one-year utility bill tax and surcharge holiday; and to
 amend the tax law, in relation to establishing a two-year green energy
 tax holiday

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The tax law is amended by adding a new section 47-a to read
 2 as follows:
 3 § 47-a. Utility bill tax and surcharge holiday. (a) Definitions. For
 4 the purposes of this section, the following terms have the following
 5 meanings:
 6 (1) "Applicable period" shall mean the period beginning fourteen days
 7 after the effective date of this section and ending one year after such
 8 beginning date.
 9 (2) "Utility company" shall have the same meaning as such term is
 10 defined in section two of the public service law.
 11 (b) (1) Exemption from taxation. Notwithstanding any other provision
 12 of law, rule or regulation to the contrary, the following taxes imposed
 13 on utility customers during the applicable period shall be exempt; gross
 14 receipts tax and sales tax.
 15 (2) Exemption from surcharges. Notwithstanding any other provision of
 16 law, rule or regulation to the contrary, the following surcharges
 17 imposed on utility customers made during the applicable period shall be
 18 exempt; system benefits charge, temporary state assessment/incremental
 19 state assessment charge and the renewable portfolio standard charge.
 20 (c) Price reduction. During the applicable period the utility company
 21 shall reduce the price of services by the amount of tax and surcharges
 22 in excess that would have been collected from the customer if the

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD13506-02-5

 S. 8463 2

 1 service had not been exempt from tax and surcharges pursuant to subdivi-
 2 sion (b) of this section.
 3 § 2. The tax law is amended by adding a new section 47-b to read as
 4 follows:
 5 § 47-b. Green energy tax holiday. Notwithstanding any rule, law, regu-
 6 lation, or order of the public service commission to the contrary, no
 7 tariff or surcharge assessed for the construction or implementation of
 8 renewable energy systems, as defined by section sixty-six-p of the
 9 public service law, electric vehicle ready infrastructure, as defined by
 10 section 11-104 of the energy law, or electric vehicle charging stations,
 11 as defined by section 11-104 of the energy law, may be imposed on any
 12 utility ratepayer for a period of two years after the effective date of
 13 this act.
 14 § 3. The state finance law is amended by adding a new section 89-l to
 15 read as follows:
 16 § 89-l. Utility bill tax and surcharge holiday. Within forty-five days
 17 after the applicable period as defined by subdivision (a) of section
 18 forty-seven-a of the tax law, the comptroller, in consultation with the
 19 director of the division of the budget, shall transfer from the general
 20 fund an amount equal to the amount that would have otherwise been depos-
 21 ited in such accounts if the exemptions defined in paragrap