Extends from November 30, 2009 to November 30, 2011, the authorization granted to the county of Yates to impose an additional one percent of sales and compensating use taxes.
BILL NUMBER: S4095
TITLE OF BILL : An act to amend the tax law, in relation to extending the authorization of the county of Yates to impose an additional one percent of sales and compensating use taxes
PURPOSE : To authorize the Yates County Legislature to continue to impose an additional 1% sales tax for a 2 year period.
SUMMARY OF PROVISIONS : The bill amends section 1210 of the tax law to authorize the County to impose an additional 1% sales tax from the period November 30, 2009 to November 30, 2011.
EXISTING LAW : Section 1210(i) (30) of the tax law currently authorizes the imposition of an additional 1% sales tax in Yates County from November 30, 2007 to November 30, 2009.
JUSTIFICATION : The Yates County Legislature has passed a resolution requesting that the New York State Legislature introduce and pass a bill to re-authorize the county to impose an additional 1% sales and use tax for the period November 30, 2009 through November 30, 2011. The increase is necessary because Yates County is facing a fiscal crisis due to escalating Medicaid costs. Yates County has determined that an increase in the real property tax would unduly burden real property owners and that a continuation of the sales tax increase is the preferred method of raising revenue that the County needs to meet its increasing financial commitments. The 1% tax is expected to generate an additional 2 million dollars in new revenue per year to be used by the County and municipalities to meet their obligations to residents.
LEGISLATIVE HISTORY : New Bill.
FISCAL IMPLICATIONS : None to the State.
LOCAL FISCAL IMPLICATIONS : The County is expected to raise an additional 2 million per year In new revenue.
EFFECTIVE DATE : Immediately.
STATE OF NEW YORK ________________________________________________________________________ S. 4095 A. 7455 2009-2010 Regular Sessions S E N A T E - A S S E M B L Y April 9, 2009 ___________IN SENATE -- Introduced by Sen. WINNER -- 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. BACALLES -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to extending the authorization of the county of Yates to impose an additional one percent of sales and compensating use taxes THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Clause 30 of subparagraph (i) of the opening paragraph of section 1210 of the tax law, as amended by chapter 450 of the laws of 2007, is amended to read as follows: (30) the county of Yates 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 three, and ending November thir- tieth, two thousand
[nine]ELEVEN; S 2. This act shall take effect immediately.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11021-01-9