Extends the expiration of the provisions authorizing the county of Cattaraugus to impose an additional one percent sales and compensating use taxes until November 30, 2027.
Summary
Bill A07481 seeks to amend the New York tax law to extend the authorization for the county of Cattaraugus to impose an additional one percent sales and compensating use tax. This extension will allow the county to continue levying this tax beyond its previous expiration date of November 30, 2025, now set to November 30, 2027. The bill aims to provide continued financial support for local services and infrastructure funded by these additional tax revenues.
Impact
The passage of this bill will have a direct impact on the tax structure within Cattaraugus County, allowing it to maintain an additional revenue stream through the extended sales tax. This could affect local budgets and funding for various programs and services that rely on this tax revenue. The bill does not alter the existing three percent sales tax but simply extends the additional one percent, which is crucial for the county's financial planning.
Sentiment
The sentiment surrounding Bill A07481 appears to be favorable, as indicated by the unanimous votes in 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 services.
Contention
There are no notable points of contention reported in the discussions or voting history regarding this bill. The unanimous support in committee votes indicates a consensus among legislators on the necessity of extending the tax authorization for Cattaraugus County.
Same As
Extends the expiration of the provisions authorizing the county of Cattaraugus to impose an additional one percent sales and compensating use taxes until November 30, 2027.
Extends the expiration of the provisions authorizing the county of Cattaraugus to impose an additional one percent sales and compensating use taxes until November 30, 2027.
Extends the expiration of the provisions authorizing the county of Allegany to impose an additional one and one-half percent sales and compensating use taxes until November 30, 2027.
Extends the expiration of the provisions authorizing the county of Allegany to impose an additional one and one-half percent sales and compensating use taxes until November 30, 2027.