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

This bill amends the tax law and the state finance law to establish a one-year utility bill tax and surcharge holiday and a two-year green energy tax holiday. The holiday exempts certain taxes and surcharges on utility customers, including gross receipts tax, sales tax, system benefits charge, temporary state assessment/incremental state assessment charge, and renewable portfolio standard charge. The bill also requires utility companies to reduce the price of services by the amount of tax and surcharges exempted. The act takes effect immediately.

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

This bill amends the tax law and the state finance law to establish a one-year utility bill tax and surcharge holiday and a two-year green energy tax holiday. The holiday exempts certain taxes and surcharges on utility customers, including gross receipts tax, sales tax, system benefits charge, temporary state assessment/incremental state assessment charge, and renewable portfolio standard charge. The bill also requires utility companies to reduce the price of services by the amount of tax and surcharges exempted. The act takes effect immediately.