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History
- Substituted by A6466
- Advanced to third reading
- 2nd report cal.
- 1st report cal.242
- Referred to investigations and government operations
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Extends provisions of law relating to the disposition of sales and compensating use tax revenue in the county of Westchester
Signed by Governor · Sponsor George Latimer
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend chapter 272 of the laws of 1991, amending the tax law relating to the method of disposition of sales and compensating use tax revenue in Westchester county and enacting the Westchester county spending limitation act, in relation to extending the expiration thereof
Purpose of bill
This bill extends the expiration of the provisions of the Westchester County spending limitation act from May 31, 2010 to May 31, 2012.
Summary of specific provisions
Subdivision e of sections 4, 5, 7 and 16 of chapter 272 of the laws of i991, amending the tax law in relation to the method of disposition of sales and compensating use tax revenue in Westchester County and enacting the Westchester County spending limitation act, as amended by section 1 of part DD of chapter 11B of the laws of 2001 are amended to extend the expiration thereof from May 31, 2010 to May 31, 2012.
Read the full memo (618 words)
Justification
The Westchester County spending Limitation Act, as first enacted by Chapter 272 of the Laws of 1991, added a new Section 1262-b to the New York State Tax ("Tax Law") to provide for a special distribution of Westchester County's sales tax revenue. Pursuant to the terms of Chapter 272 of the Laws of 1991, Section 1262-b of the Tax Law was to expire on June 30, 1994. This sunset date has been extended, at two-year intervals, by Acts of the state Legislature adopted in the calendar year preceding that of the scheduled expiration date, as follows: L. 1993, Chap 265 extending expiration date from June 30, 1994 to May 31, 1996); L. 1995/ Chap 180 (extending expiration date from May 31, 1996 to May 31, 1998); L. 1997, Chap. 676 (extending expiration date from May 31, 1998 to May 31, 2000); L. 1999, Chap. 2B5 (extending expiration date from May 31, 2000 to May 31, 2002); L. 2001, Chap. 11B, Pt, DD (extending expiration date from May 31, 2002 to May 31, 2004). L.2003 and L. 2005, Chap. 679, extended the expiration date to May 31, 200B. L. 2007, Chap.367 extended the expiration date to May 31, 2010.
The state legislature's adoption of an Act in the form annexed hereto would extend the expiration date of the Westchester County Spending Limitation Act from May 31, 2010 to May 31, 2012, and would authorize Westchester County's continued distribution of its sales tax revenue in the manor set forth in section 1262-b of the Tax Law until such extended expiration date. This extender applies to both the original sales tax authorized in 1991 and the additional sales tax authorized in 1994.
Since its inception, the sales tax has been a vitally important source of revenue to the county, its local governments, and school districts. It has provided revenues to the county of $541 million, $692 million to municipalities and $235 million to school districts for a total of $1.5 billion. In 2006, the 1.5% provided revenues of $80 million to the county, $69.5 million to municipalities, and $26 million to school districts for a total of $175 million.
Providing for the extension of this provision during the 2009 legislative session will enable the County, and the various local governments, and school districts that rely on the revenues generated
from the sales and compensating use tax to more appropriately plan their budgets for the coming fiscal year.
Legislative history
This bill extends the provisions of the Westchester County spending limitation act which have been statutorily extended by two year intervals since 1991.
Fiscal implications
No cost to state and positive fiscal impact to Westchester County, its municipal governments, and school districts.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.