4/2/08 N.Y. St. Reg. PSC-14-08-00004-P
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following proposed rule:
Proposed action:
The Public Service Commission is considering whether to approve or reject, in whole or in part, a petition filed by Verizon New York Inc. to retain $3.6 million, the regulated, intrastate New York portion of an approximately $5.7 million property tax refund it received from the City of New York on Jan. 9, 2008, and to retain tax credits of an equal amount to be applied to Verizon's second half 2007–2008 tax liability.
Statutory authority:
Public Service Law, section 113(2)
Subject:
Disposition of tax refund.
Purpose:
To determine how much of a tax refund should be retained by Verizon New York Inc.
Substance of proposed rule:
On February 21, 2008, Verizon New York Inc. (Verizon) filed a petition proposing the disposition of that portion of a tax refund and tax credits allocable to its regulated, intrastate New York operations. The tax refund of approximately $5,718,000, and a tax credit of the same amount, was the result of the settlement of claims related to Verizon's real property assessments in New York City. Verizon requests permission to retain that portion of the tax refund allocable to its regulated, intrastate New York operations, approximately $3,600,000, and to retain a similar amount in tax credits. The Commission may approve or reject, in whole or in part, Verizon's request.
Text of proposed rule and any required statements and analyses may be obtained by filing a Document Request Form (F-96) located on our website http://www.dps.state.ny.us/f96dir.htm. For questions, contact:
Central Operations, Public Service Commission, Bldg. 3, Empire State Plaza, Albany, NY 12223-1350, (518) 474-2500
Data, views or arguments may be submitted to:
Jaclyn A. Brilling, Secretary, Public Service Commission, Bldg. 3, Empire State Plaza, Albany, NY 12223-1350, (518) 474-6530
Public comment will be received until:
45 days after publication of this notice.
Regulatory Impact Statement, Regulatory Flexibility Analysis, Rural Area Flexibility Analysis and Job Impact Statement
Statements and analyses are not submitted with this notice because the proposed rule is within the definition contained in section 102(2)(a)(ii) of the State Administrative Procedure Act.
