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Sponsors
Senator · Senate District 45
No co-sponsors yet.
History
- Print number 344b
- Amend and recommit to investigations and government operations
- Referred to investigations and government operations
- Print number 344a
- Amend and recommit to investigations and government operations
- 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.
Increases from 3/4% to 1%, the rate of additional sales and compensating use taxes the county of Essex is authorized to impose
Assembly Floor Calendar · Sponsor Teresa Sayward
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S344B
Title of bill
An act to amend the tax law, in relation to authorizing the county of Essex to impose an additional one percent of sales and compensating use tax
Purpose
To authorize Essex County to impose and additional one percent rate of sales and compensating use taxes for the period beginning December 1, 2012 and ending November 30, 2013.
Summary of provisions
Bill section 1 would amend clause (36) of subparagraph (i) of the opening paragraph of section 1210 of the Tax Law, to authorize Essex County to impose an additional one percent rate of sales and compensating use taxes for the period commencing December 1, 2012, and ending November 30, 2013.
Bill section 2 would amend subparagraph (iii) of the opening paragraph of section 1210 of the Tax Law, regarding the calculation of the maximum tax rate for preemption purposes under section 1224 of the Tax Law, to provide that Essex County's additional one percent rate would be excluded from that calculation.
Bill section 3 would amend subdivision (cc) of section 1224 of the Tax Law to provide that Essex County has the sole right to impose the additional one percent rate of tax.
Bill section 4 provides that the bill would take effect December 1, 2012, provided that Essex County would be authorized to adopt and amend local laws, ordinances or resolutions to impose the additional rate of tax authorized by this act on or after it becomes law.
Existing law
Essex County currently imposes the general three percent rate of sales and use taxes pursuant to section 1210(a)(1)(i) of the Tax Law. In addition to its underlying three percent rate, Essex County currently imposes an additional three-quarters of one percent rate for the period beginning December 1, 2009, and ending November 3, 2011. Pursuant to section 1224(cc) of the Tax Law, Essex County has the sole right to impose its additional rate.
Justification
The Essex County Board of Supervisors has requested introduction of this legislation to allow the county to impose an additional one quarter of one percent rate of sales tax. Due to the estimated thirty percent increase expected in the 2011 tax levy, the county is trying to seek additional sources of revenue to balance the 2011 budget. Essex County's current 3 3/4% is not sufficiently adequate to offset the increased costs. Essex county intends to direct all
additional income to be derived from the additional one quarter of one percent sales tax increase to go directly to reduce the real property tax levy.
Legislative history
2010: S.8214-A Referred to Rules; A.11466-A Passed Assembly
Fiscal implications
None to the state.
Local fiscal implications
The county estimates this will generate approximately $1.5 million in revenue
Effective date
This act shall take effect December 1, 2012; provided that on and after the date this act shall have become a law, Essex county shall be authorized to adopt and amend local laws, ordinances, or resolutions to impose additional rate of tax authorized by this act to take effect as provided for in this act.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.