N.Y. Comp. Codes R. & Regs. Tit. 16 §§ 720-6.8

Current through Register Vol. 46, No. 45, November 2, 2024

Section 720-6.8 - City and village utility revenue tax surcharges

(a) Where provisions are made in schedules for automatic adjustment of public utility revenue tax surcharges in response to an enactment whereby a city or village levies a new tax on public utility gross revenues, repeals such a tax, or changes the rate of such a tax, public utilities subject to the tax may elect to file statements relative to their schedules in lieu of amendments. Such statements shall not be a part of the schedule and shall not bear a leaf designation. Statements to each schedule shall be numbered consecutively.

(b) A copy of the effective statement shall be kept available with each schedule to which it applies. Statements shall follow all leaves and supplements that are a part of the schedule.

(c) Every such statement shall be filed not less than 15 business days before the date on which it is proposed to be effective, and no sooner than the date of the tax enactment to which the statement responds; shall become effective no sooner than the date when the tax enactment is filed with the Secretary of State; shall be applicable to bills subject to the tax enactment that are rendered on or after the effective date of the statement; and shall be canceled not more than five business days after the tax enactment either ceases to be effective or is modified so as to reduce the tax rate.

N.Y. Comp. Codes R. & Regs. Tit. 16 §§ 720-6.8