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New York State Assembly

Speaker Carl E. Heastie
 
     
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A09014 Summary:

BILL NOA09014A
 
SAME ASSAME AS S09846
 
SPONSORRa
 
COSPNSRMcDonough, Curran, Brown E, Durso, Mikulin
 
MLTSPNSR
 
Amd §102, RPT L
 
Exempts water system property owned by a private water-works corporation located in counties with a population of one million or more that are special assessing units from being included as special franchise property.
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A09014 Floor Votes:

There are no votes for this bill in this legislative session.
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A09014 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
 submitted in accordance with Assembly Rule III, Sec 1(f)




 
BILL NUMBER: A9014A
 
SPONSOR: Ra

 
TITLE OF BILL:
 
An act to amend the real property tax law, in relation to the definition
of special franchise property
 
 
PURPOSE OR GENERAL IDEA OF BILL:
 
Excludes privately owned water-works corporations from special franchise
taxes.
 
 
SUMMARY OF PROVISIONS:
 
Section 1 defines the term "special franchise" as well as the services
provided by these franchises. The term "special franchise" shall not
include privately owned water-works corporations.
 
Section 2 establishes that any savings gained through this act by a
privately owned water works corporation must be used to reduce rates for
consumers.
 
Section 3 establishes the effective date.
 
 
JUSTIFICATION:
 
Privately owned water-works corporations pay a "special franchise" tax
which is passed onto residents through their water bill. This is a very
hefty tax and results in high water bills for consumers. Water is a
necessity, and because certain residents cannot choose public water as
their provider, they should not be burdened with such exorbitant bills.
Removing privately owned water-works corporations from the "special
franchise" tax will provide immediate financial relief for residents and
is the quickest way for this relief.
 
 
PRIOR LEGISLATIVE HISTORY:
 
New bill.
 
 
FISCAL IMPLICATIONS:
 
To be determined.
 
 
EFFECTIVE DATE:
This act shall take effect immediately.
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