NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A7237
SPONSOR: Pretlow
 
TITLE OF BILL:
An act to amend the tax law, in relation to authorizing the city of
Yonkers to impose additional sales tax; and to amend chapter 67 of the
laws of 2015, amending the tax law relating to authorizing the city of
Yonkers to impose additional sales tax, in relation to extending
provisions relating thereto
 
PURPOSE:
The purpose of this bill is to authorize the city of Yonkers to continue
to impose an additional one-half of one-percent for an additional two-
year period ending November 30, 2025.
 
SUMMARY OF PROVISIONS:
Section 1 amends the tax law to extend the authority of the city of
Yonkers to impose additional sales taxes until November 30, 2025.
Section 2 amends the tax law to state the law takes effect immediately
and will expire, and therefore be deemed repealed, on November 30, 2025.
Section 3 is the effective date.
 
JUSTIFICATION:
In 2015 the State authorized the city of Yonkers to impose an additional
one-half of one percent of sales tax for a two year period. The legis-
lation was enacted to help ensure fiscal stability and to ensure the
continuation of delivery of critical services to Yonkers residents.
Sales and use taxes are a significant source of revenue for the city. In
the fiscal year ending in 2016 sales and use taxes amounted to
$84,164,326 million. The additional one-half of one percent of sales tax
generates approximately $11,129,446 of revenue. The additional sales
tax revenue generated by the additional one-half of one percent of sales
tax revenue each year significantly alleviates the present fiscal stress
on the City, and its public school system, enabling efforts toward main-
taining financial stability..
 
LEGISLATIVE HISTORY:
Chapter 58 of the Laws of 2020,,Part XXX, Subpart C, Item CCC
2017-2018: Chapter 61 of the Laws of 2017, SUbpart A, Subpart CCC
2015-2016: Chapter 67 of the.Laws of 2015
 
FISCAL IMPLICATIONS:
None to the State.
 
EFFECTIVE DATE:
This act shall take effect immediately; provided however, that the
amendments to clause 1 of subparagraph (ii) of the opening paragraph of
section 1210 of the tax law made by section one of this act shall not
affect the expiration and reversion of such clause and shall be deemed
expired therewith.
STATE OF NEW YORK
________________________________________________________________________
7237
2023-2024 Regular Sessions
IN ASSEMBLY
May 15, 2023
___________
Introduced by M. of A. PRETLOW -- read once and referred to the Commit-
tee on Ways and Means
AN ACT to amend the tax law, in relation to authorizing the city of
Yonkers to impose additional sales tax; and to amend chapter 67 of the
laws of 2015, amending the tax law relating to authorizing the city of
Yonkers to impose additional sales tax, in relation to extending
provisions relating thereto
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Clause 1 of subparagraph (ii) of the opening paragraph of
2 section 1210 of the tax law, as amended by section 1 of item CCC of
3 subpart C of part XXX of chapter 58 of the laws of 2020, is amended to
4 read as follows:
5 (1) the city of Yonkers is hereby further authorized and empowered to
6 adopt and amend local laws, ordinances or resolutions imposing such
7 taxes at a rate which is: (a) one percent additional to the three
8 percent rate authorized above in this paragraph for such city; and (b)
9 one-half of one percent in addition to the other rates authorized in
10 this paragraph for such city for the period beginning September first,
11 two thousand fifteen and ending November thirtieth, two thousand [twen-
12 ty-three] twenty-five;
13 § 2. Section 7 of chapter 67 of the laws of 2015, amending the tax law
14 relating to authorizing the city of Yonkers to impose additional sales
15 tax, as amended by section 2 of item CCC of subpart C of part XXX of
16 chapter 58 of the laws of 2020, is amended to read as follows:
17 § 7. This act shall take effect immediately and shall expire and be
18 deemed repealed November 30, [2023] 2025.
19 § 3. This act shall take effect immediately; provided, however, that
20 the amendments to clause 1 of subparagraph (ii) of the opening paragraph
21 of section 1210 of the tax law made by section one of this act shall not
22 affect the expiration and reversion of such clause and shall be deemed
23 expired therewith.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD11313-01-3