Extends authorization of the county of Schuyler to impose an additional one percent of sales and compensating use taxes until November 30, 2017

BILL NUMBER:S2549

Title of bill

An act to amend the tax law, in relation to extending the authorization of the county of Schuyler to impose an additional one percent of sales and compensating use taxes

Purpose or general idea of bill

To authorize the Schuyler County Legislature to extend their additional 1% sales tax for a 2 year period.

Summary of specific provisions

Section 1: Clause 22 of subparagraph (i) of the opening paragraph of section 1210 of the tax law, as amended by chapter 241 of the laws of 2011, is amended to read as follows:

(22) the county of Schuyler 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 September first, nineteen hundred ninety-nine, and ending November thirtieth, two thousand seventeen.

Section 2: This act shall take effect immediately.

Justification

The Schuyler County Legislature has passed a resolution requesting that the New York State Legislature introduce and pass a bill to authorize the county to extend their existing additional 1% sales and use tax for the period beginning September first, nineteen hundred ninety-nine, and ending November thirtieth, two thousand seventeen. The county has determined that the continuation of the additional increase in the sales tax is the preferred method of raising revenue to help offset the impact of the real property tax burden upon residents. Continuation of this tax generates some $200,000 in additional revenue which is passed on to towns and villages within the county to meet their obligations to residents.

Fiscal implications

None

Effective date

Immediately