New York Postponed Collecting Sales Taxes
New York postponed collecting sales taxes on unbundled electricity transmission and distributions services until June 1.
The tax was to have applied from April 1.
However, the state legislature has not yet enacted a “transition tax credit” that was supposed to ease the burden. Meanwhile, a coalition of energy groups, including the Independent Power Producers of New York, called on New York state legislators on April 27 to enact a package of state tax reforms. The group said energy taxes are too high and need updating for a deregulated market. Among the changes the group wants is repeal of a 4.25% natural gas import tax.