Bill Text: NY S04437 | 2015-2016 | General Assembly | Introduced

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Bill Title: Extends for two years the authorization of additional sales and use tax for the county of Albany from November 30, 2015 until November 30, 2017.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2015-09-25 - SIGNED CHAP.302 [S04437 Detail]

Download: New_York-2015-S04437-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
           S. 4437                                                  A. 6270
                              2015-2016 Regular Sessions
                             S E N A T E - A S S E M B L Y
                                    March 20, 2015
                                      ___________
       IN SENATE -- Introduced by Sen. BRESLIN -- read twice and ordered print-
         ed,  and  when  printed  to  be committed to the Committee on Investi-
         gations and Government Operations
       IN ASSEMBLY -- Introduced by M. of A. FAHY, McDONALD, STECK -- read once
         and referred to the Committee on Ways and Means
       AN ACT to amend the tax law, in relation to the imposition of sales  and
         compensating use taxes by the county of Albany
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1.  Clause 10 of subparagraph (i) of the opening paragraph  of
    2  section  1210  of  the tax law, as amended by chapter 211 of the laws of
    3  2013, is amended to read as follows:
    4    (10) the county of Albany is hereby further authorized  and  empowered
    5  to  adopt  and amend local laws, ordinances or resolutions imposing such
    6  taxes at a rate which is one percent additional  to  the  three  percent
    7  rate  authorized  above in this paragraph for such county for the period
    8  beginning September first, nineteen hundred ninety-two and ending Novem-
    9  ber thirtieth, two thousand [fifteen] SEVENTEEN;
   10    S 2. Notwithstanding any inconsistent provision of law, if the  county
   11  of  Albany  imposes the additional one percent rate of sales and compen-
   12  sating use taxes authorized by section one of this act for  any  portion
   13  of  the  period  during which the county is so authorized to impose such
   14  additional one percent rate of such taxes, then such  county  of  Albany
   15  shall  allocate  and  distribute quarterly to the cities and the area in
   16  the county outside the cities the same  proportion  of  net  collections
   17  attributable  to  such additional one percent rate of such taxes as such
   18  county is allocating and distributing the net collections from the coun-
   19  ty's three percent rate of such taxes as of the date this act shall have
   20  become a law, and such portion of net collections attributable  to  such
   21  additional  one  percent  rate  of  such  taxes  shall  be allocated and
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD09984-01-5
       S. 4437                             2                            A. 6270
    1  distributed to the towns and villages in such county in the same  manner
    2  as  the net collections attributable to such county's three percent rate
    3  of such taxes are allocated and distributed to such towns  and  villages
    4  as  of  the date this act shall have become a law. In the event that any
    5  city in the county of Albany exercises its prior  right  to  impose  tax
    6  pursuant to section 1224 of the tax law, then the county of Albany shall
    7  not be required to allocate and distribute net collections in accordance
    8  with  the previous sentence for any period of time during which any such
    9  city tax is in effect.
   10    S 3. This act shall take effect immediately.