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S04875 Summary:
| BILL NO | S04875 |
| SAME AS | SAME AS A04736 |
| SPONSOR | ASHBY |
| COSPNSR | BORRELLO, TEDISCO |
| MLTSPNSR | |
| Amd §606, Tax L; add §18, Pub Serv L | |
| Provides a tax credit for utility bill payments made in taxable years 2023 and 2024 based on the difference of the average monthly utility bill payment in the year in which the credit is claimed and the average monthly utility bill payment in the preceding three taxable years; establishes a moratorium on certain utility bill surcharges until April 1, 2024; provides for the repeal of such moratorium upon expiration thereof. | |