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History
- Print number 4523b
- Amend and recommit to infrastructure and capital investment
- Referred to infrastructure and capital investment
- Print number 4523a
- Amend and recommit to infrastructure and capital investment
- Referred to infrastructure and capital investment
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Creates the broadband internet access act of 2014
In Assembly Committee · Ways And Means · Sponsor Frank Skartados
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S4523B
Title of bill
An act to amend the tax law, in relation to creating a tax credit for people who deliver broadband services to a target group of subscribers; and providing for the repeal of such provisions upon expiration thereof
Purpose or general idea of bill
This bill establishes the "Broadband Internet Access Act of 2014," to provide incentives to ensure that all citizens of New York State have the ability to gain timely and equitable access to the internet over current and future generations of broadband capability. This legislation will accelerate deployment of current generation broadband access for users located in certain low income and rural areas and to accelerate deployment of next generation broadband.
Read the full memo (740 words)
Summary of specific provisions
Section 1 establishes the Broadband Internet Access Act of 2014.
Section 2 provides legislative intent. The Legislature recognizes the vital importance of high-speed communications to the economic competitiveness of New York State. It is the intent of the Legislature to encourage extension of broadband accessibility to rural and underserved areas across New York State.
Section 3 adds a new section 41 to the tax law creating the Broadband Development Tax Credit to telecommunication providers for qualified expenses relating to current generation broadband and next generation broadband. The current generation broadband tax credit will be equal to 10% of the qualified expenditures incurred with respect to qualified equipment of telecommunications provider delivering current generation broadband services to rural subscribers or underserved subscribers. The next generation broadband credit will be equal to 20% of the qualified expenditures providers delivering next generation broadband services to all underserved subscribers or any other residential subscriber.
Qualified expenditures with respect to qualified equipment shall be taken into account with respect to the first year in which current generation broadband services are delivered through such equipment to rural or underserved subscribers, or next generation broadband services are delivered through such equipment to rural subscribers, underserved subscribers, or any other residential subscribers. The delivery of current generation broadband services or next generation broadband services through qualified equipment occurs when such class of service is purchased by and provided to at least 10% of all rural subscribers, underserved subscribers, or any other residential subscriber.
To determine the current generation broadband credit the qualified expenditure shall be multiplied by a fraction, the numerator of which is the sum of the total potential subscriber populations within the rural area and the underserved areas and the denominator is the total potential subscriber population of the area the equipment is capable of serving.
To determine the next generation broadband credit the qualified expenditures must be multiplied by a fraction equal to the numerator being the sum of the potential subscriber populations within the rural areas and underserved areas, plus the total potential subscriber population of the area consisting only of residential subscribers and the denominator of which is the total potential subscriber population of the area which the equipment is capable of serving. The credit will be available regardless of the technology employed.
The annual fiscal impact of the Broadband Development Tax Credit shall not exceed $100 million.
Section 4 is the effective date of 90 days after becoming law, to expire on March 31, 2018.
Justification
Encouraging rapid development of broadband infrastructure and ensuring the ubiquitous availability of current and next generation broadband capacity, is an urgent priority of New York State. Increasing the speed at which New Yorkers can access the Internet, is necessary to ensure the economic expansion of the state. End users from all parts of the state including urban, rural and low income areas should be afforded a choice and an opportunity to be connected to the highest technology we have available. Many parts of the State do not have access to the Internet thus depriving our children and their families the ability to move forward into the new economy. By encouraging expansion of the broadband infrastructure in New York State we can make sure that rural, under-served or low-income residents can have the same access as everyone in the state. This legislation will ensure the families and children of this state will not be left behind and will create equal access to the Internet among all New Yorkers.
Prior legislative history
New Bill.
Fiscal implications
The fiscal impact to the state will not exceed $100 million per year for four years.
Effective date
90 days after enactment, with a sunset date of March 31, 2018.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.