New York S01031 amends the public service law to direct the Public Service Commission to develop a cost formula for environmental compliance and.
New York S01031 amends the public service law to require the Public Service Commission to develop a formula to determine the average cost, on a per ratepayer basis, to comply with environmental conservation law provisions. The commission must disclose these costs through public notice and on its website. The bill also provides a tax credit for individual taxpayers with an annual gross income not exceeding $250,000 for the cost of implementing environmental conservation law.
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- Legal Framework
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