Extends from November 30, 2013 to November 30, 2015, the authorization granted to the county of Tompkins to impose an additional one percent of sales and compensating use taxes.
TITLE OF BILL: An act to amend the tax law, in relation to extending the authorization of the county of Tompkins to impose an additional one percent of sales and compensating use taxes
PURPOSE: To extend for two more years statutory authorization to Tompkins County to impose an additional one percent sales and compensating use tax.
SUMMARY OF PROVISIONS: Amends section 1210 of the tax law.
JUSTIFICATION: Tompkins County has formally requested this authorization to impose the additional sales tax be extended for two years. The extension is necessary in order to avoid $10,050,000 reduction in county expenditures which would create a major impact on the availability of services or would impose a 25% increase in County property taxes.
LEGISLATIVE HISTORY: 2011-2012 S.4162
FISCAL IMPLICATIONS: None to the State
EFFECTIVE DATE: Immediately
STATE OF NEW YORK ________________________________________________________________________ 4123 2013-2014 Regular Sessions IN SENATE March 11, 2013 ___________Introduced by Sen. O'MARA -- 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 county of Tompkins 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 11 of subparagraph (i) of the opening paragraph of section 1210 of the tax law, as amended by chapter 84 of the laws of 2011, is amended to read as follows: (11) the county of Tompkins is hereby further authorized and empowered to adopt and amend local laws, ordinances or resolutions imposing such taxes at a rate which is one-half or one percent additional to the three percent rate authorized above in this paragraph for such county for the period beginning December first, nineteen hundred ninety-two and ending November thirtieth, 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. LBD09733-01-3