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Sponsors
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History
- Signed chap.207
- Delivered to governor
- Returned to senate
- Passed assembly
- Home rule request
- Ordered to third reading rules cal.733
- Substituted for A7075
- Referred to ways and means
- Delivered to assembly
- Passed senateVote 62–1
- Advanced to third reading
- 2nd report cal.
Show 2 earlier actions
- 1st report cal.813
- 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.
Relates to extending 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:S5095
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
Authorizes the City of Oswego to extend the current rate of sales and compensating taxes for the period beginning September 1, 2004 and ending November 30, 2017.
Summary of provisions
Section 1 amends the tax law to authorize the City of Oswego to adopt and amend local laws, ordinances, and resolutions extending the additional tax rate until November 30, 2017.
Section 2 provides the effective date.
Justification
On January 26, 2015 the Oswego Common Council unanimously passed Resolution No. 34 requesting local legislation authorizing the City of Oswego to impose the additional 1 percent sales and compensating use tax. This authorizing legislation does not allow the City of Oswego to impose any new taxes, rather, it allows the city to maintain sales tax at its current rate.
According to city officials, the 1 percent additional sales tax provides the City of Oswego with approximately $1.5 million in annual revenue. If the city lost the authority to impose an additional 1 percent sales tax, it would result in an increase in property taxes by 21.3 percent. For the aforementioned reasons it is imperative that this bill is enacted.
Prior legislative history
New bill
Fiscal implications
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.