Bill > S09352

This bill, known as the "Technology, Education and Arts Through Media Act" or "TEAM NY Act," establishes a new tax on video streaming services to fund the "Media Arts Technology and Education Fund." This fund's purpose is to ensure all residents have access to modern communications networks, community media, arts, and technology. Video streaming service providers will be taxed at 5% of their gross receipts within the state, with the revenue directed to this fund. The fund will also support community media organizations, which operate public, educational, or governmental access channels, and other qualified organizations that promote local news, digital literacy, arts, culture, and communications infrastructure. The bill outlines definitions for terms like "video streaming service" (which excludes traditional cable service) and "gross receipts," and specifies how the collected tax revenue will be distributed among the state, municipalities, community media organizations, and other eligible entities. This act takes effect immediately but applies to tax years beginning on or after January 1, 2027.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S9352