June 23, 2014
RE: REMINDER. Telecommunications Business Personal Property Tax Survey
With local resources constrained by our slow economic recovery, assorted property tax caps and the State’s continued reliance on municipal property tax relief revenues, we need to recover municipal revenue that has been lost, or to prevent losses that could occur, as a result of decisions by Verizon (or another local exchange telephone company) to unilaterally exempt itself from the payment of Business Personal Property Taxes to your municipality.
Please ask your Chief Financial Officer to complete this survey as soon as possible.
REASON FOR REQUEST: From 2009, to date, Verizon has claimed a Business Personal Property Tax (BPPT) exemption in over 100 municipalities. We expect more and more municipalities to lose this funding in the coming years. A Tax Court case to resolve his issue has dragged on for five years, with no sign of imminent resolution. To end this problem now, companion bills (A-366/S-1713) were introduced, in order to provide better direction to the courts regarding the legislature’s intent to protect residential property taxpayers, when laws regarding State taxation of telecommunications providers were reformed in 1997. We need to convince State policy makers to act on these bills. To do that, we need your help in order to quantify the problem.
Name of municipality __________________________________
Your name and title ______________________________________
Does your town currently collect Business Personal Property Taxes from a local exchange telephone company?
YES ___ NO ___
If so, how much was collected in 2013? ________________
If not, when was the last time your town receive such payments? (Give the year) __________
How much was the payment for that last year? ___________
Please complete this survey on the League’s website at http://njlm-bpp-tax-survey.questionpro.com. In the alternative, please return your completed survey to Jon Moran by fax 609-695-0151 or e-mail email@example.com.
Very truly yours,
William G. Dressel, Jr.