Extends the expiration of the authorization to the county of Genesee to impose an additional one percent sales and compensating use tax from 11/30/2025 to 11/30/2027.
Summary
Bill A06842 seeks to amend the New York tax law to extend the authorization for the county of Genesee to impose an additional one percent sales and compensating use tax. This extension will prolong the current authorization period from November 30, 2025, to November 30, 2027. The bill aims to provide the county with continued flexibility in generating revenue through this additional tax, which has been in place since September 1, 1994.
Impact
If enacted, this bill will maintain the current tax structure in Genesee County, allowing it to continue collecting the additional one percent sales tax. This could have significant implications for local funding, as the revenue generated from this tax is often used to support essential services and infrastructure within the county. The extension may also influence the financial planning of both the county government and local businesses that rely on consumer spending.
Sentiment
The sentiment surrounding Bill A06842 appears to be largely positive, as evidenced by the unanimous votes in favor from the Assembly Ways and Means Committee and the Assembly Rules Committee. The lack of opposition suggests that stakeholders recognize the importance of this tax extension for local governance and public services.
Contention
There are no notable points of contention reported in the discussions or voting history for Bill A06842. The unanimous support indicates a consensus among legislators regarding the necessity of extending the tax authorization for Genesee County.
Same As
Extends the expiration of the authorization to the county of Genesee to impose an additional one percent sales and compensating use tax from 11/30/2025 to 11/30/2027.
Extends the expiration of the authorization to the county of Genesee to impose an additional one percent sales and compensating use tax from 11/30/2025 to 11/30/2027.
Extends the expiration of the authorization to the county of Wyoming to impose an additional one percent sales and compensating use tax from November 30, 2025 to November 30, 2027.
Extends the expiration of the authorization to the county of Wyoming to impose an additional one percent sales and compensating use tax from November 30, 2025 to November 30, 2027.
Extends the expiration of the authorization to the county of Wyoming to impose an additional one percent sales and compensating use tax from November 30, 2023 to November 30, 2025.