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NY A03804
Bill
Status
1/30/2025
Primary Sponsor
George Alvarez
Click for details
AI Summary
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Establishes the "Broadband Investment Tax Stabilization (BITS) Act" to clarify that telecommunications equipment used for transmitting and switching electromagnetic voice, video, and data signals is not subject to real property taxation
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Excludes from real property tax assessment equipment used for commercial mobile radio service or mobile internet access service transmission, when owned by entities other than telephone companies
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Maintains real property tax status for fiber optic cables, towers, permanently affixed steel rooftop structures, and walk-in shelters associated with mobile radio/internet service
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Applies retroactively to all assessments that have not become final as of the effective date, regardless of whether a taxpayer has filed a complaint
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Intended to correct what the legislature characterizes as an erroneous Court of Appeals decision that misconstrued prior laws regarding telecommunications equipment taxation
Legislative Description
Provides 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
1/7/2026