Extends the authorization of the county of Steuben to impose an additional one percent of sales and compensating use taxes through November 30, 2027.
Summary
Bill A06660 amends the New York tax law to extend the authorization for the county of Steuben to impose an additional one percent sales and compensating use tax until November 30, 2027. This extension allows the county to continue generating revenue through this tax, which has been in place since 1992. The bill outlines specific allocations of the tax revenue to various municipalities within Steuben County, including the cities of Hornell and Corning, as well as the towns and villages based on property valuation ratios.
Impact
The bill impacts state tax law by extending the existing authorization for an additional sales tax in Steuben County, thus allowing the county to maintain its current tax structure. This extension is expected to provide continued financial support to local municipalities, which rely on these funds for various public services and infrastructure projects. The specified allocations ensure that revenue is distributed fairly among the cities and towns based on their property values, potentially influencing local budgets and financial planning.
Sentiment
The general sentiment surrounding Bill A06660 appears to be favorable, as indicated by the voting history where the bill received overwhelming support in committee votes. The Assembly Ways and Means Committee voted 32 to 1 in favor, followed by a unanimous vote of 28 to 0 in the Assembly Rules Committee. This suggests a strong consensus among lawmakers regarding the necessity of the tax extension for local governance.
Contention
There are no significant points of contention noted in the discussions or voting history related to Bill A06660. The overwhelming support in committee votes indicates that lawmakers largely agree on the importance of extending the tax authorization for the benefit of local municipalities. However, potential opposition could arise from taxpayers concerned about the implications of increased sales tax rates.
Same As
Extends the authorization of the county of Steuben to impose an additional one percent of sales and compensating use taxes through November 30, 2027.