§ 1201-C — Credits against taxes administered by cities of one million or more

§ 1201-c. Credits against taxes administered by cities of one million\nor more. Any utility company which is subject to the supervision of the\npublic service commission and is required to grant rebates or discounts\non bills for energy services in accordance with article two-I of the\ngeneral city law shall be entitled to a credit for such rebates or\ndiscounts against the amount of tax to be paid pursuant to any gross\nreceipts tax imposed by a local law adopted pursuant to subdivision (a)\nof section twelve hundred one of this article. The amounts of such\nrebates or discounts shall not be treated as affecting or reducing the\ngross receipts otherwise subject to tax under such gross receipts tax or\nreducing the amount of tax imposed by or pursuant to any authorization\ncontained in this chapter.\n