· NY legislature · 2025-2026

Relates to special franchise assessments and requires any reduction of the tax burden of certain utilities to pass-through to ratepayers

Exempts certain utilities from special franchise assessments in New York city; requires that any reduction in special franchise taxes imposed on ConEd and National Grid shall be passed-through to rates charged to its ratepayers so that the full economic benefit of such reduction accrues to their ratepayers.

Sponsor

Andrew Hevesi (D-NY)

Introduced

2026-01-21

Policy area

Taxation

Latest action

ENACTING CLAUSE STRICKEN