Relates to extending the authorization for the imposition of sales and compensating use tax in Montgomery county until November 30, 2013.
Ayes (61): Adams, Addabbo, Alesi, Avella, Ball, Bonacic, Breslin, Carlucci, DeFrancisco, Diaz, Dilan, Duane, Espaillat, Farley, Flanagan, Fuschillo, Gallivan, Gianaris, Golden, Griffo, Grisanti, Hannon, Hassell-Thomps, Huntley, Johnson, Kennedy, Klein, Krueger, Kruger, Lanza, Larkin, LaValle, Libous, Little, Marcellino, Martins, Maziarz, McDonald, Montgomery, Nozzolio, O'Mara, Oppenheimer, Peralta, Perkins, Ranzenhofer, Ritchie, Rivera, Robach, Saland, Sampson, Savino, Serrano, Seward, Skelos, Smith, Squadron, Stavisky, Stewart-Cousin, Valesky, Young, Zeldin
Absent (1): Parker
TITLE OF BILL: An act to amend the tax law, in relation to the imposition of sales and compensating use tax in Montgomery county
PURPOSE: To extend, for another two years, the authority of Montgomery 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 Montgomery 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 Montgomery County to impose the additional one percent sales and use tax until November 30, 2011.
JUSTIFICATION: In 2003, the Montgomery County Board of Supervisors requested legislation to impose an additional 1% sales tax in order to help address its financial needs and diversify its revenue sources. This authority was initially granted for two years, and was renewed in 2005, 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 Montgomery 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 Montgomery County.
EFFECTIVE DATE: Immediate.
STATE OF NEW YORK ________________________________________________________________________ S. 3769 A. 5970 2011-2012 Regular Sessions S E N A T E - A S S E M B L Y March 3, 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. AMEDORE -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to the imposition of sales and compensating use tax in Montgomery county THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Clause 31 of subparagraph (i) of the opening paragraph of section 1210 of the tax law, as amended by chapter 160 of the laws of 2009, is amended to read as follows: (31) the county of Montgomery 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 June first, two thousand three, and ending November thirtieth, 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. LBD09386-01-1