NY Democrats propose 4% tax on Netflix, Uber to fund MTA

Summary by Ground News

The plan would hit streamers with the 4% surcharge, potentially netting $100 million annually for the state’s coffers, the Assembly’s budget proposal predicts, putting a new + on bills for everything from AppleTV+ to Paramount+.

Published 2 months ago · New York, United States

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New York Post

NY Democrats propose 4% tax on Netflix, Uber to fund MTA

New Yorkers may soon be forced to pay more for their streaming subscriptions like Netflix and Hulu in a bid to stave off a major MTA fare hike.

2 months ago·New York, United States

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NY Daily News

NY Assembly Dems want to tax Netflix and other streaming services to boost MTA funding

ALBANY — New Yorkers could soon pay more to stream their favorite shows under a proposal from Assembly Democrats hoping to avoid a fare hike for subway riders. The Assembly’s proposal would impose a a 4% state tax and a 4% local sales tax on video and audio streaming services, such as Netflix and Hulu, in a bid to assist the cash-strapped Metropolitan Transportation Authority. Media or a ...

2 months ago·New York, United States

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Wall Street Journal

The Latest Idea to Bolster New York City’s Subway: Taxing Your Netflix Subscription

Democrats try to coalesce around alternative to Gov. Hochul’s proposed payroll-tax increase

2 months ago·New York, United States

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Syracuse NY

NY lawmakers propose tax on streaming services like Netflix, Spotify

New York state residents may soon be required to pay more for streaming services like Netflix, Hulu, Disney+, HBO Max, Spotify and Audible.

2 months ago·Syracuse, United States

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Jalopnik

New York Could Tax Netflix and Hulu Subscriptions to Fund Trains

Like a number of other public transportation systems around the country, New York’s Metropolitan Transportation Authority is struggling as ridership still has yet to return to pre-pandemic levels. In an attempt to come up with more funding for the MTA, New York governor Kathy Hochul has proposed a $700 million payroll…Read more...

2 months ago

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