Authorizes the county of Tompkins to continue imposing an additional one percent sales tax.
TITLE OF BILL: An act to amend the tax law, in relation to authorizing the county of Tompkins to continue imposing an additional one percent sales tax
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 a $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: New Bill.
FISCAL IMPLICATIONS: None to the State.
EFFECTIVE DATE: Immediately.
STATE OF NEW YORK ________________________________________________________________________ 4162 2011-2012 Regular Sessions IN SENATE March 21, 2011 ___________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 authorizing the county of Tompkins to continue imposing an additional one percent sales tax 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 91 of the laws of 2009, 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
[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. LBD06100-01-1