Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 04, 2012 |
referred to real property taxation |
Jan 05, 2011 |
referred to real property taxation |
Assembly Bill A120
2011-2012 Legislative Session
Sponsored By
CAHILL
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2011-A120 (ACTIVE) - Details
2011-A120 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 120 2011-2012 Regular Sessions I N A S S E M B L Y (PREFILED) January 5, 2011 ___________ 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 ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 626 of the real property tax law 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 accord- ing 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 state board 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 COMPA- NY, AS DEFINED IN SECTION TWO HUNDRED TWELVE OF THE PUBLIC SERVICE LAW, THAT IS A SPECIAL FRANCHISE OWNER AND COLLECTS A LICENSE FEE FROM SUBSCRIBERS SHALL NOT BE ALLOWED ANY CREDIT PURSUANT TO THE PROVISIONS OF THIS SECTION AGAINST THE AMOUNT OF REAL PROPERTY TAX, DETERMINED BY EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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