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Senate moves multichannel video/audio tax amendment to parity vote; fiscal cost cited at about $5 million
Summary
S.B. 96 would allow cable providers a credit against a state excise tax for franchise fees paid to localities, bringing parity with satellite providers. Senator Niederhauser said the bill levels the playing field; the Senate noted an approximate fiscal impact of $5 million and ordered the bill for third reading.
Senator Niederhauser presented S.B. 96 to address disparities between cable and satellite multichannel-video providers. The bill allows cable providers to deduct the franchise fees they pay local governments from the state excise tax base, aiming to create parity with satellite providers that do not pay local franchise fees.
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