Laws of New York (Last Updated: November 21, 2014) |
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Article 6. PROVISIONS AFFECTING TWO OR MORE KINDS OF THE PUBLIC SERVICE AND THE PERSONS AND CORPORATIONS FURNISHING SUCH SERVICE |
Section 119-C. Tax reduction benefit to ratepayers
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The commission shall provide that any net decrease in a utility corporation's tax expense resulting from the amendments made to sections one hundred eighty-four, one hundred eighty-six-a and one hundred eighty-six-e of the tax law by the chapter of the laws of nineteen hundred ninety-seven which enacted this section shall inure to the benefit of the ratepayers of such corporation.