Assembly Republicans and business groups today urged legislative leaders and Gov. Andrew Cuomo to let expire a energy tax on companies and homeowners.
Cuomo’s budget extends the so-called “18-a energy tax,” even though it was set to sunset at the end of the current fiscal year, which ends March 31. The tax brings in about $236 million in the coming fiscal year, and $2.8 billion over the next six years, Assembly Republicans said.
“We have been steadfastedly opposed to this tax, and even last year we did a budget amendment that was defeated in our house to repeal this tax back then,” said Assembly Minority Leader Brian Kolb, R-Canandaigua.
Legislative leaders and Cuomo are considering a number of tax breaks for businesses and homeowners in exchange for an increase in the minimum wage and keeping higher income taxes on millionaires.
Business groups said the energy tax should be let to expire, saying it would hurt businesses at a time when the state is seeking to improve its economic climate.
“There was a promise that it would sunset, a lot of businesses, a lot of communities are counting on it sunsetting and we think this promise should be kept,” said Heather Briccetti, president the state Business Council.