Charter Ruling Imperils NY Tax Incentives, Business Group Argues

Businesses will avoid setting up shop in New York if a ruling denying a lower corporation franchise tax rate to Charter Communications Inc. stands, a trade association told a state appeals court.

Charter Communications Inc., formerly known as Time Warner Cable, is appealing a 2024 state tax tribunal ruling that it owes an additional $5.99 million in tax and $1.86 million in interest for tax years 2012 to 2014 because some of its member entities weren’t located in New York. If Charter prevails on its argument that it’s entitled to the qualified emerging technology companies tax incentive, the company’s total ...