New York Senate Bill S09352

New York 2025-2026 Regular Session

• Introduced: 3/4/26
• Refer: 3/4/26

Caption

Establishes a tax on video streaming services; provides that the revenue from the tax is to be used to ensure that every resident in the state has access to modern communications networks; establishes the media arts technology and education fund.

Impact

The enactment of S09352 will significantly affect the state's tax laws by introducing a five percent tax on the gross receipts of video streaming service providers. With this revenue, the Media Arts Technology and Education Fund will be financed to ensure that all residents have access to modern communication networks. The funds will be allocated to state and local governments, community media organizations, and other qualified organizations, which are expected to enhance local access to digital media and informational resources.

Summary

Bill S09352, known as the 'TEAM NY Act', establishes a tax on video streaming services in New York. This legislative proposal aims to generate revenue that will support the creation of the Media Arts Technology and Education Fund, which is designed to promote access to broadband, community media, and various educational and technological arts initiatives throughout the state. By requiring video streaming providers to contribute financially, the bill aligns their responsibilities with those of traditional cable companies, reinforcing the notion that technological companies should play a role in fostering local resource growth.

Contention

The bill has raised discussions regarding the fairness of imposing taxes on video streaming services, with proponents arguing that it levelizes the playing field between digital and traditional media services. However, critics may express concern over potential economic impacts on smaller streaming platforms, which may struggle to absorb these additional costs. Furthermore, there will be discussions surrounding how effectively the allocated resources are spent, ensuring that they directly contribute to improving local media and digital infrastructure as intended.