Comcast drops bid for “gigabit” tax cut that was created for Google Fiber

(credit: Comcast)

Comcast has agreed to pay $155 million in back taxes to Oregon in order to settle a nine-year property tax dispute. Comcast will also drop its attempt to secure a tax break that Oregon created as part of a failed attempt to bring Google Fiber to the state.

Oregon Governor Kate Brown announced the settlement with Comcast yesterday, noting that the legal battle "likely would have continued for many more years because several distinct and complex legal questions were in dispute." Oregon accepted the $155 million payment despite previously arguing that Comcast owed $200 million.

"The cable TV company's fight with Oregon tax collectors dates to 2009, when the state changed its methodology for assessing Comcast's telecommunications equipment," The Oregonian wrote.

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