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S04697 Summary:

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S04697 Committee Votes:

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S04697 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          4697
 
                               2015-2016 Regular Sessions
 
                    IN SENATE
 
                                      April 8, 2015
                                       ___________
 
        Introduced  by COMMITTEE ON RULES -- read twice and ordered printed, and
          when printed to be committed to the Committee  on  Investigations  and
          Government Operations
 
        AN  ACT  to  amend  the  tax law, in relation to continuing to authorize
          Niagara county 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 29 of subparagraph (i) of the opening  paragraph  of
     2  section  1210  of  the tax law, as amended by chapter 219 of the laws of
     3  2013, is amended to read as follows:
     4    (29) the county of Niagara 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 March first, two thousand three, and ending  November  thirti-
     9  eth, two thousand [fifteen] seventeen;
    10    §  2.  Section 1262-n of the tax law, as amended by chapter 219 of the
    11  laws of 2013, is amended to read as follows:
    12    § 1262-n. Disposition of  net  collections  from  the  additional  one
    13  percent  rate  of  sales  and  compensating  use  taxes in the county of
    14  Niagara.  Notwithstanding any contrary provision of law, if  the  county
    15  of  Niagara imposes the additional one percent rate of sales and compen-
    16  sating use taxes authorized by section twelve hundred ten of this  arti-
    17  cle  for  all  or  any  portion of the period beginning March first, two
    18  thousand three and ending November  thirtieth,  two  thousand  [fifteen]
    19  seventeen, the county shall use all net collections from such additional
    20  one  percent  rate  to  pay  the county's expenses for Medicaid. The net
    21  collections from the additional one percent  rate  imposed  pursuant  to
    22  this  section shall be deposited in a special fund to be created by such
    23  county separate and apart from any other funds and accounts of the coun-
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09640-01-5
        S. 4697                             2
 
     1  ty. Any and all remaining  net  collections  from  such  additional  one
     2  percent tax, after the Medicaid expenses are paid, shall be deposited by
     3  the  county of Niagara in the general fund of such county for any county
     4  purpose.
     5    § 3. This act shall take effect immediately.