NY S08463

Exempts utility customers from gross receipts tax and sales tax on utility bills for a one-year period beginning 14 days after the act takes effect

Suspends three surcharges on utility customers for one year: system benefits charge, temporary state assessment/incremental state assessment charge, and renewable portfolio standard charge

Requires utility companies to reduce customer prices by the full amount of the exempted taxes and surcharges during the applicable period

Prohibits any tariffs or surcharges for constructing or implementing renewable energy systems, electric vehicle ready infrastructure, or EV charging stations for two years after the act takes effect

Directs the comptroller to transfer funds from the general fund within 45 days after the holiday period to replace revenue that would have been collected without the exemptions