Relates to extending the authorization for the imposition of sales and compensating use tax in Montgomery county until November 30, 2015.
TITLE OF BILL: An act to amend the tax law, in relation to the imposition of sales and compensating use tax in Montgomery county
PURPOSE: To authorize the Montgomery County Legislature 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 extend the authorization for Montgomery County to impose an additional 1% sales tax until November 30, 2015.
EXISTING LAW: The law is set to expire on November 30, 2013.
JUSTIFICATION: The Montgomery County Legislature passed a resolution requesting that the New York State Legislature introduce and pass a bill to authorize the county to impose an additional 1% sales and use tax for the Period through November 30, 2015.
FISCAL IMPLICATIONS: None to the state.
EFFECTIVE DATE: Immediately.
STATE OF NEW YORK ________________________________________________________________________ 5492 2013-2014 Regular Sessions IN SENATE May 16, 2013 ___________Introduced by Sen. TKACZYK -- 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 the imposition of sales and compensating use tax in Montgomery 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 238 of the laws of 2011, is amended to read as follows: (31) the county of Montgomery 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 June first, two thousand three, 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. LBD11135-01-3