Extends the authority of the city of New Rochelle to impose an additional sales and compensating use tax.

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S2591-2013 Actions

• Jan 22, 2013: REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

S2591-2013 Meetings

Investigations and Government Operations: May 30, 2013

S2591-2013 Memo

BILL NUMBER:S2591

TITLE OF BILL:
An act
to amend the tax law,
in relation to
extending the authorization of the city of New Rochelle to impose an
additional sales and compensating use tax

PURPOSE OR GENERAL IDEA OF BILL: Amends the tax law
to authorize the
city of New Rochelle to adopt and amend local laws, ordinances or
resolutions to continue to impose a one percent additional tax rate
during the period beginning January 1, 2014 and ending December 31,
2015.

SUMMARY OF SPECIFIC PROVISIONS: Section 1 Clause 4 of
subparagraph
(ii) of the opening paragraph of section 1210 of the tax law, as
amended by chapter 111 of the laws of 2011, is amended to read as
follows:

(4) the city of New Rochelle is hereby further authorized and
empowered to adopt and amend local laws, ordinances or resolutions
imposing such taxes at a rate which is one percent additional to the
three percent rate authorized above in this paragraph for such city
for the period beginning September 1, 1993 and ending December 31, 2015

JUSTIFICATION: The city of New Rochelle is requesting
authorization
from the legislature to impose an additional one percent sales and
compensating use tax above the standard three percent rate for the
period January 1, 2014 to December 31, 2015. Revenues from the
additional tax will assist the City of New Rochelle in providing
essential services, while maintaining a balanced budget.

PRIOR LEGISLATIVE HISTORY:
2011- A. 3243- Latimer Chapter 111 of 2011
2009- A.288 - Latimer Chapter 253 of 2009
2007- A.7903 - Latimer (Rules) Chapter 253 of 2007
2005 - A.8769 -Latimer (Rules) Chapter 350 of 2005

FISCAL IMPLICATIONS: None to the State.

LOCAL FISCAL IMPLICATIONS: Approximately $9 million
in additional
revenues for the City of New Rochelle annually.

EFFECTIVE DATE: Immediately.

S2591-2013 Text

                      S T A T E   O F   N E W   Y O R K
  ________________________________________________________________________

                                    2591

                         2013-2014 Regular Sessions

                              I N  SENATE

                              January 22, 2013
                                 ___________

  Introduced  by  Sen. LATIMER -- read twice and ordered printed, and when
    printed to be committed to the Committee on Investigations and Govern-
    ment Operations

  AN ACT to amend the tax law, in relation to extending the  authorization
    of  the city of New Rochelle to impose an additional sales and compen-
    sating use tax

    THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
  BLY, DO ENACT AS FOLLOWS:


    Section  1.  Clause 4 of subparagraph (ii) of the opening paragraph of
  section 1210 of the tax law, as amended by chapter 111 of  the  laws  of
  2011, is amended to read as follows:

    (4)  the  city  of  New  Rochelle  is  hereby  further  authorized and
  empowered to adopt and  amend  local  laws,  ordinances  or  resolutions
  imposing  such  taxes  at  a rate which is one percent additional to the
  three percent rate authorized above in this paragraph for such city  for
  the  period beginning September first, nineteen hundred ninety-three and
  ending December thirty-first, two thousand [thirteen] FIFTEEN;
    S 2. This act shall take effect immediately.





   EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                        [ ] is old law to be omitted.
                                                             LBD07326-01-3