States / New York / S 4327

S 4327 In Committee

Provides a tax credit for certain utility bill payments and establishes a moratorium on certain surcharges thereon

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

Provides a tax credit for utility bill payments made in taxable years 2025 and 2026 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, 2026; provides for the repeal of such moratorium upon expiration thereof.

Chamber
Senate
Introduced
Feb 4, 2025
Last action
Jan 7, 2026 — REFERRED TO BUDGET AND REVENUE
Session
2025-2026
Momentum
33 · Low