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December 17, 2008

NY Proposes iPod Tax: Downloaded Songs Would Be Taxed...

Hollywood Reporter | Read Full Story >

NEW YORK—Faced with one of the bleakest financial pictures in memory, New York Gov. David Paterson on Tuesday released a $121 billion proposed budget that would hit the entertainment industry and consumers in the pocketbook.

The budget would tax digital downloads such as iTunes movies, TV shows and music and would end sales-tax exemptions on movie tickets, cable TV, satellite TV and radio, and entertainment and sporting events. All have been exempt from the state’s sales tax.

“A book, song, album or movie would be subject to sales tax no matter if it was bought at a bricks-and-mortar store or downloaded online,” according to Paterson’s budget. The move is expected to bring in $15 million in 2009–10 and $20 million in 2010–11.



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