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NY S02177
Bill
Status
6/10/2025
Primary Sponsor
Kevin Parker
Click for details
AI Summary
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Establishes the "Broadband Investment Tax Stabilization (BITS) Act" to clarify property tax treatment of telecommunications equipment not owned by telephone companies
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Exempts from real property taxation equipment used for transmitting or switching radio signals for commercial mobile radio service or mobile internet access service
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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 such services
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Responds to a Court of Appeals decision the legislature characterizes as having "erroneously overlooked or misconstrued" prior statutory provisions regarding telecommunications equipment taxation
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Applies immediately to all property tax assessments that have not become final, including pending assessment challenges
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 LOCAL GOVERNMENT
1/7/2026