Bill S2591-2013

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

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

Details

Actions

  • Jun 21, 2013: SUBSTITUTED BY A5138
  • Jun 4, 2013: ADVANCED TO THIRD READING
  • Jun 3, 2013: 2ND REPORT CAL.
  • May 30, 2013: 1ST REPORT CAL.845
  • Jan 22, 2013: REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

Meetings

Calendars

Votes

VOTE: COMMITTEE VOTE: - Investigations and Government Operations - May 30, 2013
Ayes (7): Marcellino, Carlucci, Golden, Nozzolio, O'Mara, Hoylman, Squadron
Ayes W/R (1): Zeldin
Excused (1): Diaz

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.


Text

STATE OF NEW YORK ________________________________________________________________________ 2591 2013-2014 Regular Sessions IN 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.

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