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S5547Senate2011-2012 SessionSame asA7887

Extends the authorization of the city of Oswego to impose an additional rate of sales and compensating use taxes

Sponsor Patty RitchieSD-48Affects Finance
Status
Signed by Governor
Impact
Pending
Outcome
Signed into law

Bill progress

Signed into law

What's happening

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Who cares

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Sponsors

Primary sponsor
Patty Ritchie

Senator · Senate District 48

Chair, Agriculture

No co-sponsors yet.

History

  1. Signed chap.254
  2. Delivered to governor
  3. Returned to senate
  4. Passed assembly
  5. Home rule request
  6. Ordered to third reading rules cal.492
  7. Substituted for A7887
  8. Referred to ways and means
  9. Delivered to assembly
  10. Passed senateVote 62–0
  11. Advanced to third reading
  12. 2nd report cal.
Show 2 earlier actions
  1. 1st report cal.1123
  2. 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.

A7887Assembly

Extends the authorization of the city of Oswego to impose an additional rate of sales and compensating use taxes

Assembly Floor Calendar · Sponsor William A. Barclay

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:S5547

Title of bill

An act to amend the tax law, in relation to extending the authorization of the city of Oswego to impose an additional rate of sales and compensating use taxes

Purpose

To authorize the City of Oswego to impose an additional rate of sales and compensating use taxes for the period beginning September 1, 2004 and ending November 30, 2013.

Summary

Amends the tax law to authorize and empower the City of Oswego to adopt and amend local laws, ordinances, or resolutions to continue to impose a one percent additional tax rate during the period of September 1, 2004 and ending November 30, 2013.

Justification

On May 9, 2011 the Oswego Common Council unanimously passed Resolution No. 154 requesting their New York State Assembly and Senate representatives to pass a bill to authorize the City to continue the imposition of the additional 1% sales and use tax.

According to the City of Oswego, the increased sales tax has allowed the City of Oswego to maintain property tax rates and meet criteria for Aid and Incentives to Municipalities for additional revenue sharing. Annually, the increased sales tax revenue generates approximately $1.5 million in revenue. If the additional one percent is not extended for The City of Oswego, they estimate that this would cause a 21.3 percent increase in property taxes. Further, opportunities for additional revenue sharing through AIM would also be lost.

History

S.4247 of 2009 - Chaptered. S.5054 of 2007 - Chaptered. S.2534 of 2005 - Chaptered.

Fiscal impact

None to the state.

Effective date

This act shall take effect immediately.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.