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Bill > A03804


NY A03804

NY A03804
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.


summary

Introduced
01/30/2025
In Committee
01/30/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the real property tax law, in relation to establishing the "broadband investment tax stabilization (BITS) act" regarding telecommunications equipment owned by other than a telephone company

AI Summary

This bill, known as the Broadband Investment Tax Stabilization (BITS) Act, aims to clarify and modify the real property tax law regarding telecommunications equipment. Specifically, the bill seeks to ensure that equipment used for transmitting and switching electromagnetic voice, video, and data signals is no longer considered real property subject to real property tax, except for certain specific types of equipment. The legislation responds to a court of appeals decision by explicitly stating that equipment used for transmission and switching signals between different entities, regardless of location, should not be taxed as real property. The bill adds an exception for equipment used in commercial mobile radio service or mobile internet access service, excluding certain items like fiber optic cables, towers, permanently affixed steel rooftop structures, and walk-in shelters from being considered real property. The bill will take effect immediately and apply to all assessments that have not yet become final, providing retroactive tax relief for telecommunications companies and potentially reducing their property tax obligations.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

print number 3804a (on 03/10/2025)

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