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NY S09352
Bill
Status
Introduced
3/4/2026
Primary Sponsor
John Liu
Click for details
AI Summary
- Imposes a 5% tax on video streaming service providers' gross receipts from New York subscribers, with returns due annually by April 15th starting in 2027
- Creates the "Media Arts Technology and Education Fund" to distribute tax revenue: 30% to the state general fund, 30% to municipalities based on population, 30% to community media organizations, and 10% to other qualified organizations supporting digital equity and local media
- Prohibits streaming providers from passing the tax through to customers on their bills or misrepresenting who is responsible for the tax
- Establishes penalties for non-compliance including 10% of tax owed plus 5% per month (up to 30% total) for late filing or payment, with minimum 7.5% annual interest on underpayments
- Requires the Tax Commissioner to promulgate implementing regulations by December 31, 2026, including sourcing rules based on customer location or billing address
Legislative Description
Establishes a tax on video streaming services; provides that the revenue from the tax is to be used to ensure that every resident in the state has access to modern communications networks; establishes the media arts technology and education fund.
Last Action
REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
3/4/2026
Committee Referrals
Investigations and Government Operations3/4/2026
Full Bill Text
No bill text available