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NY S04936
Bill
Status
5/3/2023
Primary Sponsor
Kevin Parker
Click for details
AI Summary
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Amends Real Property Tax Law Section 102(12)(i) to exclude certain telecommunications equipment from real property taxation, specifically equipment used for transmission or switching of electromagnetic voice, video, and data signals between different entities separated by air, street, or public domain.
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Exempts equipment owned by non-telephone companies from taxation, with exceptions for station connections, fire and surveillance alarm systems, news wire services, and news/entertainment broadcast signals.
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Adds new exemption category (E) excluding most property used for commercial mobile radio service or mobile internet access service transmission, except fiber optic cables, towers, permanently affixed steel rooftop structures, and walk-in shelters.
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Takes effect immediately and applies retroactively to all assessments that have not become final as of the effective date, including assessments for which no complaint has yet been filed under Real Property Tax Law Section 524.
Legislative Description
Enacts the broadband investment tax stabilization act, providing that all equipment used for the transmission and switching of radio signals for the provision of commercial mobile radio service or mobile internet access service no longer constitutes real property subject to the real property tax law.
Last Action
referred to real property taxation
6/3/2024