Section 119-C. Tax reduction benefit to ratepayers


Latest version.
  • 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.