N.Y. Public Service Law 119-C – Tax reduction benefit to ratepayers
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§ 119-c. Tax reduction benefit to ratepayers. 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.
Terms Used In N.Y. Public Service Law 119-C
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.