NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A6692A
SPONSOR: Goodell TITLE OF BILL:
An act to amend the tax law, in relation to extending the authorization
for Chautauqua county to impose an additional one percent rate of sales
and compensating use taxes
PURPOSE:
Extends to November 30, 2025, the authority of 'the county of Chautauqua
to impose an additional 1 percent of sales and compensating use tax.
SUMMARY OF SPECIFIC PROVISIONS:
Section 1: Amends section 1210 of the tax law, as amended by chapter 61
of the laws of 2017 to provide authorization for enactment of a 1
percent rate under Section 1210 of the tax law until November 30, 2025.
Section 2: Amends section 1262-o of the tax law, as amended by section 2
of chapter 61 of the laws of 2017 to authorize the county of Chautauqua
to continue to impose an additional sales tax of 1% through November 30,
2025.
Section 3: Provides that the act shall take effect immediately.
JUSTIFICATION:
Chautauqua County is requesting a continuation of its additional 1
percent sales tax. The additional 1 percent sales tax allows the county
to preserve a satisfactory fund balance, attain a structurally balanced
budget, and lower real property taxes.
LEGISLATIVE HISTORY:
Chapter 61 of 2017
FISCAL IMPLICATIONS:
None.
EFFECTIVE DATE:
This act shall take effect immediately.
