Page 593

House Bill No. 5506

Public Act No. 22-118 593 of 739

[subdivisions (1) and (2)] subparagraphs (A) and (B) of subdivision (1) of this subsection, and on and after July 1, 2022, from such operations under subparagraph (B) of said subdivision, shall include, as determined by the Commissioner of Revenue Services, (A) all income included in operating revenue accounts in the uniform systems of accounts prescribed by the Public Utilities Regulatory Authority for operations within the taxable quarter and, with respect to each such company, (B) all income identified in [said] such uniform systems of accounts as income from merchandising, jobbing and contract work, (C) all revenues identified in [said] such uniform systems of accounts as income from nonutility operations, (D) all revenues identified in [said] such uniform systems of accounts as nonoperating retail income, and (E) receipts from the sale of residuals and other by-products obtained in connection with the production of gas, electricity or steam. (4) Gross earnings from such operations under [subdivision (3)] subparagraph (C) of subdivision (1) of this subsection shall be gross income from the sales of natural gas, provided gross income shall not include income from the sale of natural gas to an existing combined cycle facility comprised of three gas turbines providing electric generation services, as defined in section 16-1, with a total capacity of seven hundred seventy-five megawatts, for use in the production of electricity. (5) Gross earnings of a gas company, as defined in section 16-1, shall not include income earned in a taxable quarter commencing prior to June 30, 2008, from the sale of natural gas or propane as a fuel for a motor vehicle. No deductions shall be allowed from such gross earnings for any commission, rebate or other payment, except a refund resulting from an error or overcharge and those specifically mentioned in section 12-265. Gross earnings of a company, as described in [subdivision (2)] subparagraph (B) of subdivision (1) of this subsection, shall not include income earned in any taxable quarter commencing on or after July 1,