senate Bill S5063

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/Vetoed by Governor
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actions

  • 07 / May / 2013
    • REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • 30 / May / 2013
    • 1ST REPORT CAL.899
  • 03 / Jun / 2013
    • 2ND REPORT CAL.
  • 04 / Jun / 2013
    • ADVANCED TO THIRD READING
  • 21 / Jun / 2013
    • SUBSTITUTED BY A7004

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:
A7004
Versions:
S5063
Legislative Cycle:
2013-2014
Law Section:
Tax Law
Laws Affected:
Amd ยง1210, Tax L

Votes

7
0
7
Aye
0
Nay
1
aye with reservations
0
absent
1
excused
0
abstained
show Investigations and Government Operations committee vote details

Sponsor Memo

BILL NUMBER:S5063

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, 2015.

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, 2015.

JUSTIFICATION: On January 28, 2013 the Oswego Common Council
unanimously passed Resolution No. 44 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 annual 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.5547 of 2011 - Chaptered. 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
________________________________________________________________________

                                  5063

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               May 7, 2013
                               ___________

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 254 of  the  laws  of
2011, 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 [thirteen] FIFTEEN;
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10464-01-3

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