New York Increases Energy Taxes

Published: May 15, 2019

The New York State FY2020 budget repeals the sales tax exemption for electric and gas transportation, transmission, and distribution for non-residential customers who purchase energy from an ESCO. Previously, customers shopping with an ESCO recieved an exception on the sales tax discounting it from 8.875% to 4.5%. It is expected to have a $96 million impact on commercial customers in New York State for year 2020. 

This takes effect July 2019 for any sales and services rendered on or after July 1, 2019. Customers should expect the bills recieved the following month to reflect the increased charges. 

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