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Investigations and Government Operations: May 3, 2011

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Active List: May 23, 2011 , Floor Calendar: May 4, 2011 , Floor Calendar: May 9, 2011 , Floor Calendar: May 10, 2011 , Floor Calendar: May 11, 2011 , Floor Calendar: May 16, 2011 , Floor Calendar: May 17, 2011 , Floor Calendar: May 18, 2011 , Floor Calendar: May 23, 2011

Votes

Memo

BILL NUMBER:S3720

TITLE OF BILL: An act to amend the tax law, in relation to the imposition of additional sales and compensating use tax in Fulton county

PURPOSE: To extend, for another two years, the authority of Fulton County to impose an additional sales and use tax of one percent.

SUMMARY OF PROVISIONS: Section 1210 of the Tax Law is amended to extend, until November 30, 2013, the authority of Fulton County to impose a sales and use tax which is one percent additional to the three percent rate that is generally authorized by state law.

EXISTING LAW: Section 1210 of the Tax Law currently authorizes Fulton County to impose the additional one percent sales and use tax until November 30, 2011.

JUSTIFICATION: In 2005, the Fulton County Board of Supervisors requested legislation to impose an additional 1% sales tax in order to help diversify its revenue sources and thereby help alleviate the property tax burden. This authority was initially granted for two years, and was renewed in 2007 and 2009. These sales tax revenues are a necessary part of the County's financial plan, and this bill would extend, for another two years, the authority of Fulton County to impose this additional sales tax.

FISCAL IMPLICATIONS: None to the State.

LOCAL FISCAL IMPLICATIONS: This bill will continue the current level of local sales tax revenue received by Fulton County.

EFFECTIVE DATE: Immediate.

Text

STATE OF NEW YORK
________________________________________________________________________

S. 3720                                                  A. 5812

2011-2012 Regular Sessions

S E N A T E - A S S E M B L Y

March 2, 2011
___________

IN  SENATE -- Introduced by Sen. FARLEY -- read twice and ordered print-
  ed, and when printed to be committed  to  the  Committee  on  Investi-
  gations and Government Operations

IN  ASSEMBLY  -- Introduced by M. of A. BUTLER -- read once and referred
  to the Committee on Ways and Means

AN ACT to amend the tax law, in relation to the imposition of additional
  sales and compensating use tax in Fulton county

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

  Section  1.  Clause 39 of subparagraph (i) of the opening paragraph of
section 1210 of the tax law, as amended by chapter 157 of  the  laws  of
2009, is amended to read as follows:
  (39)  the  county of Fulton 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 county for  the  period
beginning  September first, two thousand five, and ending November thir-
tieth, two thousand [eleven] THIRTEEN;
  S 2. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09400-01-1