Charter’s $7.85 Million NY Tax Bill Should Stand, State Argues

Businesses filing combined tax returns can’t claim New York’s lower corporation franchise tax rate for “qualified emerging technology companies” unless all affiliated entities that are part of a combined tax return meet the requirements, the state’s tax agency told an 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 members weren’t located in New York. If Charter prevails, the company’s total tax bill for those years would ...