senate Bill S5547

Signed by Governor

Extends the authorization of the city of Oswego to impose an additional rate of sales and compensating use taxes

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Sponsor

Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor
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actions

  • 01 / Jun / 2011
    • REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • 07 / Jun / 2011
    • 1ST REPORT CAL.1123
  • 13 / Jun / 2011
    • 2ND REPORT CAL.
  • 14 / Jun / 2011
    • ADVANCED TO THIRD READING
  • 15 / Jun / 2011
    • PASSED SENATE
  • 15 / Jun / 2011
    • DELIVERED TO ASSEMBLY
  • 15 / Jun / 2011
    • REFERRED TO WAYS AND MEANS
  • 20 / Jun / 2011
    • SUBSTITUTED FOR A7887
  • 20 / Jun / 2011
    • ORDERED TO THIRD READING RULES CAL.492
  • 20 / Jun / 2011
    • HOME RULE REQUEST
  • 20 / Jun / 2011
    • PASSED ASSEMBLY
  • 20 / Jun / 2011
    • RETURNED TO SENATE
  • 22 / Jul / 2011
    • DELIVERED TO GOVERNOR
  • 28 / Jul / 2011
    • SIGNED CHAP.254

Summary

Extends the authorization of the city of Oswego to impose an additional rate of sales and compensating use taxes.

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Bill Details

See Assembly Version of this Bill:
A7887
Versions:
S5547
Legislative Cycle:
2011-2012
Law Section:
Tax Law
Laws Affected:
Amd ยง1210, Tax L

Sponsor Memo

BILL NUMBER:S5547

TITLE OF BILL:
An act
to amend the tax law, in relation to extending the authorization of the
city of Oswego to impose an additional rate of sales and compensating
use taxes

PURPOSE:
To authorize the City of Oswego to impose an additional rate of sales
and compensating use taxes for the period beginning September 1, 2004 and
ending November 30, 2013.

SUMMARY:
Amends the tax law to authorize and empower the City of Oswego to
adopt and amend local laws, ordinances, or resolutions to continue to
impose a one percent additional tax rate during the period of
September 1, 2004 and ending November 30, 2013.

JUSTIFICATION:
On May 9, 2011 the Oswego Common Council unanimously passed Resolution
No. 154 requesting their New York State Assembly and Senate
representatives to pass a bill to authorize the City to continue the
imposition of the additional 1% sales and use tax.

According to the City of Oswego, the increased sales tax has allowed
the City of Oswego to maintain property tax rates and meet criteria
for Aid and Incentives to Municipalities for additional revenue
sharing. Annually, the increased sales tax revenue generates
approximately $1.5 million in revenue. If the additional one percent
is not extended for The City of Oswego, they estimate that this would
cause a 21.3 percent increase in property taxes. Further,
opportunities for additional revenue sharing through AIM would also
be lost.

HISTORY:
S.4247 of 2009 - Chaptered.
S.5054 of 2007 - Chaptered.
S.2534 of 2005 - Chaptered.

FISCAL IMPACT:
None to the state.

EFFECTIVE DATE:
This act shall take effect immediately.

view bill text
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  5547

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                              June 1, 2011
                               ___________

Introduced  by  Sen. RITCHIE -- read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment Operations

AN ACT to amend the tax law, in relation to extending the  authorization
  of  the  city  of  Oswego  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:

  Section  1.  Clause 6 of subparagraph (ii) of the opening paragraph of
section 1210 of the tax law, as amended by chapter 145 of  the  laws  of
2009, is amended to read as follows:
  (6)  the  city of Oswego is hereby further authorized and empowered to
adopt and amend local laws,  ordinances  or  resolutions  imposing  such
taxes  at  a  rate  which is one percent additional to the three percent
rate authorized above in this paragraph for such  city  for  the  period
beginning  September first, two thousand four, and ending November thir-
tieth, two thousand [eleven] THIRTEEN;
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11557-01-1

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