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SB 112 - Cable TV Tax Amendments - Utah Key Vote

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Title: Cable TV Tax Amendments

Vote Smart's Synopsis:

Vote to pass a bill that establishes a tax credit for cable providers, effective July 1, 2012.

Highlights:

  • Authorizes cable providers to claim a nonrefundable tax credit equal to 65 percent of the total amount of county or municipality franchise fees that the cable provider pays (Sec. 1).
  • Prohibits the tax credit from exceeding the amount a cable provider would have paid (Sec. 1):
    • To all Utah counties and municipalities that impose a franchise fee;
    • For the calendar quarter in which the cable provider files a return claiming this tax credit; or
    • At the franchise fee rates in effect on January 1, 2012 for those counties and municipalities.

 

NOTE: THIS VOTE RECONSIDERS A PREVIOUS VOTE.

NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.

Full Bill Text

See How Your Politicians Voted

Title: Cable TV Tax Amendments

Vote Smart's Synopsis:

Vote to pass a bill that establishes a tax credit for cable providers, effective July 1, 2012.

Highlights:

-Authorizes cable providers to claim a nonrefundable tax credit equal to the total amount of county or municipality fees that the cable provider pays (Sec. 1):

  • To all Utah counties and municipalities that impose a franchise fee; and
  • For the calendar quarter in which the cable provider files a return claiming this tax credit.

 

 

NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.

Full Bill Text

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