Bill S4566-2013

Relates to extending the authority for the imposition of sales and compensating use tax in Schenectady county

Extends the authority for the imposition of additional sales and compensating use tax in Schenectady county until November 30, 2015.

Details

Actions

  • Jun 21, 2013: SUBSTITUTED BY A7224
  • Jun 4, 2013: ADVANCED TO THIRD READING
  • Jun 3, 2013: 2ND REPORT CAL.
  • May 30, 2013: 1ST REPORT CAL.873
  • Apr 10, 2013: REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

Votes

VOTE: COMMITTEE VOTE: - Investigations and Government Operations - May 30, 2013
Ayes (7): Marcellino, Carlucci, Golden, Nozzolio, O'Mara, Hoylman, Squadron
Ayes W/R (1): Zeldin
Excused (1): Diaz

Memo

BILL NUMBER:S4566

TITLE OF BILL: An act to amend the tax law, in relation to the imposition of sales and compensating use tax in Schenectady county

PURPOSE:

To extend, for another two years, the authority of Schenectady County to impose an additional sales and use tax of one-half of one percent.

SUMMARY OF PROVISIONS:

Section 1210 of the Tax Law is amended to extend, until November 30, 2015, the authority of Schenectady County to impose a sales and use tax which is one-half of 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 Schenectady County to impose the additional one-half of one percent sales and use tax until November 30, 2013.

JUSTIFICATION:

In 2003, the Schenectady County Legislature requested legislation to impose an additional one-half percent 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, 2009 and 2011. 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 Schenectady 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 Schenectady County.

EFFECTIVE DATE:

Immediate.


Text

STATE OF NEW YORK ________________________________________________________________________ 4566 2013-2014 Regular Sessions IN SENATE April 10, 2013 ___________
Introduced by Sens. FARLEY, TKACZYK -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations AN ACT to amend the tax law, in relation to the imposition of sales and compensating use tax in Schenectady 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 239 of the laws of 2011, is amended to read as follows: (31) the county of Schenectady 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 of one percent addi- tional 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 [thirteen] FIFTEEN; S 2. This act shall take effect immediately.

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