Governor’s Budget – No Change in Key Broadcast Tax Provisions

No Ad Tax: We are happy to report that there are no proposals to adopt and advertising tax in New York.  Nonetheless we have heard of plans to propose and advertising tax in Connecticut, which could implicate stations broadcasting into that state.

Sales Tax Exemption for Broadcast Equipment Remains: The sales tax exemption we currently enjoy for the purchase of broadcast equipment remains in place.  There were no proposed changes to this section.

Internet Sales Tax Collection: New tax provisions regarding the collection of NY State sales tax should not impact local stations.   The provisions deal with the obligation of large Internet sellers, such as Amazon, to collect NY sales tax on behalf of the sellers using those platforms.

 

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