Senate Bill S1691

                                 
BILL NUMBER: S1691

SPONSOR: OBERACKER
 
TITLE OF BILL:

An act to amend the tax law, in relation to extending the authorization
for Otsego county to impose additional rates of sales and compensating
use taxes

 
PURPOSE:

Extends the authorization for Otsego County to impose additional rates
of sales and compensating use taxes

 
SUMMARY OF PROVISIONS:

Section 1. Clause 34 of subparagraph (i) of the opening paragraph of
section 1210 of the tax law, as amended by chapter 217 of the laws of
2023, is amended to read as follows:

(34) the county of Otsego 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 county for the period
beginning December first, two thousand three, and ending November thir-
tieth, two thousand  
TWENTY-FIVE twenty-seven;

Section 2. This act shall take effect immediately.

 
EXISTING LAW:

The State of New York enacted enabling legislation allowing Otsego Coun-
ty to levy and collect, under the Tax Law of the State of New York, a
local combined sales and compensating use of four percent (4%) with an
expiration date of November 30, 2025.

 
JUSTIFICATION:

Otsego County and most all of New York State's counties are beset by
increasing costs in providing county municipal services, and Otsego
County does not believe it fair to unduly raise the ad valorum tax upon
the property owners in this County to pay these increased costs; rather
a sales tax increase appears to be a fair means considering particularly
the potential payers of such a sales tax; and

The County of Otsego has adopted a resolution (No.67-20250102) request-
ing the New York State Legislature to amend Article 29, and particularly
Section 1210 of the Tax Law, to permit Otsego County to continue the
local combined sales and compensating use tax for Otsego County to four
percent (4%) beyond the November 30, 2025 expiration date.

 
LEGISLATIVE HISTORY:

New Bill

 
FISCAL IMPLICATIONS:

None to the State

 
LOCAL FISCAL IMPLICATIONS:

 
EFFECTIVE DATE:
This act shall take effect immediately.