Disposition of Tax Refund
NY-ADR
10/1/08 N.Y. St. Reg. PSC-40-08-00009-P
NEW YORK STATE REGISTER
VOLUME XXX, ISSUE 40
October 01, 2008
RULE MAKING ACTIVITIES
PUBLIC SERVICE COMMISSION
PROPOSED RULE MAKING
NO HEARING(S) SCHEDULED
I.D No. PSC-40-08-00009-P
Disposition of Tax Refund
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following proposed rule:
Proposed Action:
The PSC is considering a petition filed by Verizon New York Inc. to retain $5.7 million, the regulated, intrastate New York portion of an approximately $9.4 million property tax refund it received from the Town of Oyster Bay on June 25, 2008.
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 August 21, 2008, Verizon New York Inc. (Verizon) filed a petition proposing the disposition of that portion of a tax refund allocable to its regulated, intrastate New York operations. The tax refund of approximately $9,381,000 was the result of the settlement of claims related to Verizon's real property assessments in The Town of Oyster Bay. Verizon requests permission to retain that portion of the tax refund allocable to its regulated, intrastate New York operations, of approximately $5,712,000. 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:
Leann Ayer, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, (518) 486-2655, email: leann_ayer@dps. state.ny.us
Data, views or arguments may be submitted to:
Jaclyn A. Brilling, Secretary, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, (518) 474-6530, email: [email protected]
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.
(08-C-0999SA1)
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