A 10938 New York Assembly · 2025 Regular Session

Provides a one-year utility bill tax and surcharge holiday and two-year green energy tax holiday

This bill offers temporary relief on utility costs for one year and exempts fees related to green energy projects for two years. During the first year, customers will not pay sales tax, gross receipts tax, or specific surcharges on their utility bills, and utility companies must lower their rates to match the savings. The second part of the bill prevents utility companies from charging ratepayers for building renewable energy systems, electric vehicle infrastructure, or charging stations for two years. To cover the lost tax revenue, the state will transfer money from its general fund to the relevant accounts after the one-year holiday ends. These changes directly affect all utility customers and those involved in renewable energy or electric vehicle projects.
Bill status failed 1 of 4 stages cleared
Introduction
Apr 2026
Committee Review
Floor Vote
Governor
Introduced Apr 14, 2026 Last action Jun 4, 2026