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Senate approves modified multichannel media tax credit after fiscal concessions
Summary
The Senate passed a first substitute to SB112 that reduced a proposed multichannel (satellite vs. cable) tax credit from 100% to 65%, lowering the fiscal note; floor debate focused on parity between providers and local tax interactions.
Senate Bill 112, concerning multichannel video and audio service tax treatment, was returned to the floor after being uncircled and presented in a first substitute that narrows the credit from 100% to 65%.
Sponsor Senator John Niederhauser (first presented on the floor at SEG 296) said the change incorporated an amendment by Senator Valentine and reduced the fiscal note substantially: “We have changed the credit from 100% to 65%...the fiscal note now has dropped significantly,” he…
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