Bill Text: NY A05260 | 2017-2018 | General Assembly | Introduced

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Bill Title: Extends the authorization of the county of Onondaga to impose an additional rate of sales and compensating use taxes.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2018-01-03 - referred to ways and means [A05260 Detail]

Download: New_York-2017-A05260-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          5260
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                    February 7, 2017
                                       ___________
        Introduced  by  M.  of  A.  MAGNARELLI  -- read once and referred to the
          Committee on Ways and Means
        AN ACT to amend the tax law, in relation to extending the  authorization
          of  the  county  of Onondaga to impose an additional rate of sales and
          compensating use taxes
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Clause 37 of subparagraph (i) of the opening paragraph of
     2  section 1210 of the tax law, as amended by chapter 160 of  the  laws  of
     3  2015, is amended to read as follows:
     4    (37) the county of Onondaga is hereby further authorized and empowered
     5  to  adopt  and amend local laws, ordinances or resolutions imposing such
     6  taxes at a rate that is one percent additional to the three percent rate
     7  authorized above in this paragraph for such county for the period begin-
     8  ning September first, two thousand four, and ending November  thirtieth,
     9  two thousand [seventeen] nineteen;
    10    §  2.  Notwithstanding  any contrary provision of law, net collections
    11  from the additional one percent rate of sales and compensating use taxes
    12  which may be imposed  by  the  county  of  Onondaga  during  the  period
    13  commencing  December  1,  2017 and ending November 30, 2018, pursuant to
    14  the authority of section 1210 of the tax law, shall not  be  subject  to
    15  any revenue distribution agreement entered into under subdivision (c) of
    16  section  1262  of the tax law, but shall be allocated and distributed or
    17  paid, at least quarterly, as follows:  (i) 1.58% to the county of  Onon-
    18  daga  for  any  county purpose; (ii) 97.79% to the city of Syracuse; and
    19  (iii) .63% to the school districts in accordance with subdivision (a) of
    20  section 1262 of the tax law.
    21    § 3. Notwithstanding any contrary provision of  law,  net  collections
    22  from the additional one percent rate of sales and compensating use taxes
    23  which  may  be  imposed  by  the  county  of  Onondaga during the period
    24  commencing December 1, 2018 and ending November 30,  2019,  pursuant  to
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06772-01-7
        A. 5260                             2
     1  the  authority  of  section 1210 of the tax law, shall not be subject to
     2  any revenue distribution agreement entered into under subdivision (c) of
     3  section 1262 of the tax law, but shall be allocated and  distributed  or
     4  paid,  at least quarterly, as follows:  (i) 1.58% to the county of Onon-
     5  daga for any county purpose; (ii) 97.79% to the city  of  Syracuse;  and
     6  (iii) .63% to the school districts in accordance with subdivision (a) of
     7  section 1262 of the tax law.
     8    § 4. This act shall take effect immediately.