August 6, 2014 REMINDER!!!!
RE: Help Us Protect and Restore Local Telcom Revenues (Follow-up on June 23 letter)
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.
Please ask your Chief Financial Officer to complete this survey as soon as possible.
REASON FOR REQUEST: Name of municipality __________________________________
Your name and title ______________________________________
Does your town currently receive Business Personal Property Taxes from a local exchange telephone company? (Tax liability is determined by applying your General Tax Rate to Item #4 – “Tax Value of Machinery, Implements and Equipment of Telephone, Telegraph and Messenger System Companies”
- on your Table of Aggregates.)
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? ___________
If your municipality has not yet done so, 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 firstname.lastname@example.org.
Very truly yours,
William G. Dressel, Jr.