What's happening
This bill prohibits cable television companies from using franchise fees collected from subscribers to reduce their real property tax bills.
Why it matters
Prevents cable television companies from offsetting their real property tax bills. by the amount of franchise (license) fees they collect from subscribers, meaning these companies will owe the full amount of property tax assessed.
Ensures that franchise fees collected from customers are not used as a tax reduction tool. , potentially leading to higher effective tax payments from cable companies to local governments.
May result in increased local tax revenue. , as municipalities will receive full property tax payments from cable companies rather than a reduced amount, which could affect local services or budgets.
Could influence cable companies’ pricing or business decisions. , since they can no longer count on this tax credit to lower their operating costs, potentially impacting subscribers if costs are passed through.
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Who cares
Headline styles
End Tax Breaks for Cable
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to real property taxation
- Referred to real property taxation
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
73
2017-2018 Regular Sessions
IN ASSEMBLY (Prefiled)
January 4, 2017
Introduced by M. of A. CAHILL -- read once and referred to the Committee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to prohibiting tax credits against real property tax for franchise fees collected and remitted by cable television companies to assessing units
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Subdivision 1 of section 626 of the real property tax law, as further amended by subdivision (b) of section 1 of part W of chapter 56 of the laws of 2010, is amended and a new subdivision 5 is added to read as follows:
1. When a tax levied on a special franchise is due in any assessing unit, if the special franchise owner has paid such assessing unit for its exclusive use during the past year under any agreement or statute requiring the same, a sum based upon a percentage of gross earnings or other income, a license fee, except as provided in subdivision five of this section, or other sum of money on account of such special franchise possessed by such special franchise owner, which payment was in the nature of a tax, all amounts so paid for the exclusive use of such assessing unit, except money paid or expended for paving or repairing the pavement of a street, highway or public place, and except in a city having a population of one hundred seventy-five thousand or more according to the latest federal census, car license fees or tolls paid for the privilege of crossing a bridge owned by the city, shall be deducted from the tax based on the assessment made by the commissioner for purposes of the assessing unit, but not otherwise, and the remainder shall be the tax on such special franchise payable for such purposes.
5. Notwithstanding the foregoing provisions, a cable television company, as defined in section two hundred twelve of the public service law, that is a special franchise owner and collects a license fee from
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD01586-01-7
A. 73 2
subscribers shall not be allowed any credit pursuant to the provisions of this section against the amount of real property tax, determined by its current special franchise assessment, due to the assessing unit with which such cable television company maintains a special franchise agreement.
§ 2. This act shall take effect on the first of January next succeeding the date on which it shall have become a law and shall apply to assessment rolls with taxable status dates occurring on and after such date.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.