What's happening
This bill requires that 10% of sales tax revenue from events on state or city park land in New York City be used specifically for the park where it was collected.
Why it matters
Directs a portion of event-generated sales tax revenue to the specific park where it was collected. , potentially providing a dedicated funding stream for park maintenance, improvements, and programming that directly benefits the community using that space.
Could increase incentives for parks to host events. , as parks would directly benefit from the economic activity they generate, encouraging creative programming and more active use of public spaces.
May result in more equitable investment across parks. , especially those in neighborhoods that host popular events, rather than all sales tax revenue being pooled for general city use. This could help address disparities in park funding and quality within New York City.
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Who cares
Headline styles
Park Tax Funds Stay Local
Plain English, a few words. Used as the page title.
Sponsors
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History
- Referred to ways and means
- Referred to ways and means
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
3537
2017-2018 Regular Sessions
IN ASSEMBLY
January 27, 2017
Introduced by M. of A. LENTOL -- read once and referred to the Committee on Ways and Means
AN ACT to amend the tax law, in relation to allocating tax revenue raised at events on state or city park land
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. The tax law is amended by adding new section 1260-a to read as follows:
§ 1260-a. Revenues resulting from taxes administered at events on state or city park land in New York city. Ten percent of all sales tax revenue resulting from the imposition of taxes administered at events on state or city park land in New York city shall be paid into the treasury of such city imposing the tax and shall be credited to and designated for use only for such park at which the revenue was raised.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD03413-01-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.