Extends from November 30, 2013 to November 30, 2015 the authorization granted to the county of Chemung 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 Chemung to impose an additional one percent of sales and compensating use taxes
PURPOSE: To authorize the Chemung County Legislature to extend their additional 1% sales tax for a 2 year period.
SUMMARY OF PROVISIONS: The bill amends section 1210 of the tax law to authorize Chemung County to impose an additional 1% sales tax ending November 30, 2015.
JUSTIFICATION: The Chemung County Legislature has passed a resolution requesting that the New York State Legislature introduce and pass a bill to authorize the county to extend their existing additional 1% sales and use tax. The county has determined that the continuation of the additional 1% increase in the sales tax is the preferred method of raising revenue to help offset the impact of the real property tax burden upon residents.
LEGISLATIVE HISTORY: 2011- S. 4187
FISCAL IMPLICATIONS: None
EFFECTIVE DATE: Immediately
STATE OF NEW YORK ________________________________________________________________________ 4263 2013-2014 Regular Sessions IN SENATE March 18, 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 Chemung 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 27 of subparagraph (i) of the opening paragraph of section 1210 of the tax law, as amended by chapter 120 of the laws of 2011, is amended to read as follows: (27) the county of Chemung 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 December first, two thousand two, and ending November thirti- eth, 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. LBD09922-01-3