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INCOME TAXES
3 Months Ended
Mar. 31, 2016
Income Tax Disclosure [Abstract]  
INCOME TAXES
INCOME TAXES
Cablevision
Cablevision recorded income tax expense of $62,786 for the three months ended March 31, 2016, reflecting an effective tax rate of 40%. During the three months ended March 31, 2016, Cablevision recorded tax benefit of $1,172 relating to an increase in tax credits. Absent this item, the effective tax rate for the three months ended March 31, 2016 would have been 41%. Cablevision recorded income tax expense of $37,940 for the three months ended March 31, 2015, reflecting an effective tax rate of 41%.
As of March 31, 2016, Cablevision's federal net operating loss and tax credit carryforwards were approximately $511,000 and $61,000, respectively. Subsequent to the full utilization of such carryforwards, payments for income taxes are expected to increase significantly.
CSC Holdings
CSC Holdings recorded income tax expense of $92,156 for the three months ended March 31, 2016, reflecting an effective tax rate of 41%. CSC Holdings recorded income tax expense of $67,542 for the three months ended March 31, 2015, reflecting an effective tax rate of 42%.