A09044 Summary:

BILL NOA09044A
 
SAME ASSAME AS UNI. S07435-A
 
SPONSOREnglebright
 
COSPNSRLavine, Thiele, McDonald, Seawright, Gunther, D'Urso, Simon, Miller MG, Colton, Skoufis, Galef, Hunter, Jaffee, Zebrowski, Pichardo, Lifton, Cahill, Gottfried, Crespo, Jenne, Abinanti, Sepulveda, Glick, Richardson, Davila, Ra, Steck, Buchwald, Niou
 
MLTSPNSRDe La Rosa, Schimminger
 
 
Relates to directing the public service commission and the department of public service to study and report upon the potential to pass the tax savings incurred by public utility companies to ratepayers; requires two public hearings on such topic; repealer.
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A09044 Actions:

BILL NOA09044A
 
01/18/2018referred to corporations, authorities and commissions
02/13/2018reported referred to ways and means
05/01/2018amend and recommit to ways and means
05/01/2018print number 9044a
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A09044 Committee Votes:

CORPORATIONS, AUTHORITIES AND COMMISSIONS Chair:Paulin DATE:02/13/2018AYE/NAY:23/0 Action: Favorable refer to committee Ways and Means
PaulinAyeLawrenceAye
CookAyeBlankenbushAye
GalefAyeFriendAye
JenneAyeMalliotakisAye
RodriguezAyePalmesanoAye
AbinantiAyeMontesanoAye
QuartAyeLalorAye
OtisAye
RozicAye
KimExcused
BuchwaldAye
SeawrightAye
DilanAye
RichardsonAbsent
De La RosaAye
Pheffer AmatoAye
VanelAye
CarrollAye

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A09044 Floor Votes:

There are no votes for this bill in this legislative session.
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A09044 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
            S. 7435--A                                            A. 9044--A
            Cal. No. 719
 
                SENATE - ASSEMBLY
 
                                    January 18, 2018
                                       ___________
 
        IN  SENATE  --  Introduced  by  Sens.  LAVALLE, GRIFFO -- read twice and
          ordered printed, and when printed to be committed to the Committee  on
          Energy  and Telecommunications -- reported favorably from said commit-
          tee, ordered to first and second report, ordered to a  third  reading,
          amended  and  ordered  reprinted,  retaining its place in the order of
          third reading
 
        IN ASSEMBLY -- Introduced by M. of A. ENGLEBRIGHT, LAVINE, THIELE, McDO-
          NALD, SEAWRIGHT, GUNTHER, D'URSO, SIMON, M. G. MILLER, COLTON,  SKOUF-
          IS,  GALEF, HUNTER, JAFFEE, ZEBROWSKI, PICHARDO, LIFTON, CAHILL, GOTT-
          FRIED, CRESPO, JENNE, ABINANTI, GLICK, RICHARDSON, DAVILA, RA,  STECK,
          BUCHWALD,  NIOU  -- Multi-Sponsored by -- M. of A.  DE LA ROSA, SCHIM-
          MINGER -- read once and referred to  the  Committee  on  Corporations,
          Authorities  and Commissions -- reported and referred to the Committee
          on Ways and Means  --  committee  discharged,  bill  amended,  ordered
          reprinted as amended and recommitted to said committee
 
        AN  ACT  to  direct  the public service commission and the department of
          public service to study and report upon the potential to pass the  tax
          savings  incurred  by  public  utility  companies  to  ratepayers; and
          providing for the repeal of such provisions upon the expiration there-
          of
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  The public service commission shall examine, evaluate and
     2  make recommendations in  consultation  with  the  department  of  public
     3  service,  who  shall  also  examine,  evaluate  and make recommendations
     4  concerning the tax savings caused by federal  tax  reform,  pursuant  to
     5  Public Law No. 115-97 enacted on December 22, 2017, of any public utili-
     6  ty  company  as  defined  in  subdivision  23 of section 2 of the public
     7  service law including any parent company, subsidiary thereof  or  affil-
     8  iate  and  any public authority created under the public authorities law
     9  who contracts with for-profit utility companies including such  for-pro-
    10  fit  utility companies, parent company, subsidiary thereof or affiliate.
    11  The commission and the department shall study specifically whether  such
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14128-04-8

        S. 7435--A                          2                         A. 9044--A
 
     1  tax  savings  should be passed on to ratepayers of such companies in the
     2  form of refunds or decreased rates, and should make  recommendations  on
     3  the  regulatory  and  statutory provisions necessary to make passing the
     4  savings to ratepayers possible.
     5    §  2.  The  public  service  commission shall hold at least two public
     6  hearings in the state for the purpose of conducting their duties  pursu-
     7  ant to section one of this act.
     8    §  3. On or before the ninetieth day after this act shall take effect,
     9  the public service commission and the department of public service shall
    10  submit a report of their findings, conclusions  and  recommendations  to
    11  the governor and the legislature, and shall submit with such report such
    12  regulatory  and  legislative  proposals as deemed necessary to implement
    13  such recommendations.
    14    § 4. This act shall take effect immediately and shall  expire  and  be
    15  deemed repealed January 1, 2019.
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