Prohibits utilities from charging customers excise tax; requires utilities to pay the tax themselves.

This bill amends the administrative code of the city of New York to prohibit utilities from charging customers an excise tax. Instead, the tax will be charged against and paid by the utility. This change applies to cooperative corporations with at least 1,500 apartments that provide metered electricity, steam, refrigeration, or water services. The tax will not be added as a separate item on utility bills but will be part of the operating costs. The bill will take effect 60 days after becoming law.

Prohibits utilities from charging customers excise tax; requires utilities to pay the tax themselves.

This bill amends the administrative code of the city of New York to prohibit utilities from charging customers an excise tax. Instead, the tax will be charged against and paid by the utility. This change applies to cooperative corporations with at least 1,500 apartments that provide metered electricity, steam, refrigeration, or water services. The tax will not be added as a separate item on utility bills but will be part of the operating costs. The bill will take effect 60 days after becoming law.