The Business Council of New York State opposes legislation that would increase energy taxes paid by businesses. The estimated $128 million dollar increase in state-level sales taxes are due to hit energy purchases by industrial, commercial and institutional employers by eliminating a long-standing sales tax exemption for the transmission of gas and electricity purchased through an Energy Service Company (ESCO). If local governments follow suit, the cost to taxpayers could nearly double.
To learn more information and/ or to voice your opposition to this proposal visit: https://www.oneclickpolitics.com/messages/edit?promo_id=4076
To view the Legislative Memo visit: http://www.bcnys.org/inside/Legmemos/2017-18/s7509-a9509-part-V.html