NY A01057

Amends Real Property Tax Law Section 626 to prohibit cable television companies from claiming tax credits against real property tax for franchise fees collected from subscribers and remitted to assessing units.

Applies the prohibition specifically to cable television companies as defined in Public Service Law Section 212 that maintain special franchise agreements with assessing units.

Modifies existing provisions that allowed special franchise owners to deduct certain payments (including license fees) from their special franchise tax assessments.

Takes effect January 1 following enactment and applies to assessment rolls with taxable status dates on or after that date.