Friday, December 14, 2012

Schools to reap benefits of court ruling on cable TV tax

Posted By on Fri, Dec 14, 2012 at 4:28 PM

A tipster alerts me to an important ruling yesterday by the Arkansas Supreme Court. That decision upheld a Pulaski Circuit Court ruling that the Tax Division of the Arkansas Public Service Commission had legally included intangible property, such as franchise agreements with cities and customer goodwill, in assessing the value of several cable TV companies -Falcon Cable, Falcon Telecable, Interlink Communications Partners and Charter Communications - for property tax purposes.

The PSC assessess utility property and then sends the figures to counties, which apply the relevant property tax rate in the jurisdiction. School taxes account for the bulk of property taxes, though city and county levies also apply to property. Cable companies contended they weren't required to pay taxes on intangibles as other utilities (but not ordinary taxpayers are.)

A number of other cable companies had challenged inclusion of intangible property as well, so the effect of the ruling is broader than just the companies in the lawsuit.

John Bethel, director of the PSC, was trying to get a figure for the total assessment of intangible personal property at issue in this case and related contests. Several have been paying the taxes under protest and the money has been set aside pending resolution of the court case. Barring a rehearing of this week's decision, that money should be payable. Friday afternoon turns out to be a hard time to find a readily available public official with an accounting on how much money this could mean to affected school districts and local governments.

Tags: , ,

From the ArkTimes store

Favorite

Speaking of...

Comments

Subscribe to this thread:

Add a comment

More by Max Brantley

  • Trump targets national monuments, calls them 'massive federal land grabs'

    President Trump today signed an executive order that could lead to removing protection from hundreds of thousands of acres of public lands declared national monuments.
    • Apr 26, 2017
  • Free screening tonight of death penalty documentary

    "The Gathering," a documentary about A Witness to Innocence, an organization of exonerated former death row prisoners who meet regularly to talk about their experiences, will be shown free at 6 p.m. tonight in the East Room of the downtown branch of the Central Arkansas Library System.
    • Apr 26, 2017
  • GOP health care: Good for Congress, but ....

    A new Republican plan to replace Obamacare contains an enormous piece of hypocrisy — better coverage for Congress and staff than provided the rest of the country.
    • Apr 26, 2017
  • More »

Readers also liked…

  • State Police issues statement on Jason Rapert 'threats'

    The State Police have issued a minor clarification in what appears to be an effort to soothe an enraged Sen. Jason Rapert, exposed here as overly excited about both a Conway parking lot question from a constituent as well as some inflammatory Internet rhetoric that he's interpreted as a dire threat on his life. State cops took his reports seriously, they say. But in the end, they found nothing actionable.
    • Sep 15, 2015
  • UPDATE: Judge rethinking punishment for attorneys in insurance settlement case

    Judge P.K. Holmes is rethinking whether lawyers deserve punishment in a class action lawsuit against an insurance company abruptly pulled from his court after pending more than a year and then quickly settled in a state court.
    • Jun 24, 2016
  • Transgender electrician may sue employer over her firing

    Federal Judge Susan Webber Wright has ruled that Patricia Dawson, a transgender woman, may pursue her lawsuit that she was wrongfully fired by her employer, H & H Electric, because of her sex.
    • Sep 16, 2015

Most Shared

Visit Arkansas

Haralson, Smith named to Arkansas Tourism Hall of Fame

Haralson, Smith named to Arkansas Tourism Hall of Fame

Chuck Haralson and Ken Smith were inducted into the Arkansas Tourism Hall of Fame during the 43rd annual Governor’s Conference on Tourism

Most Viewed

Most Recent Comments

Blogroll

Slideshows

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation