Establishes a tax on video streaming services; and establishes the media arts technology and education fund

Summary

The bill imposes a five‑percent tax on the gross receipts of video streaming providers operating in New York and directs the revenue to a new Media Arts Technology and Education Fund. The fund is meant to expand broadband access, support community media, and promote arts and technology programs across the state. It affects streaming companies, the state’s commissioner of tax, and ultimately New Yorkers who benefit from improved digital infrastructure.

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