New York Assembly Bill A07492

New York 2025-2026 Regular Session

• Introduced: 3/28/25
• Refer: 3/28/25
• Report Pass: 6/6/25
• Refer: 6/6/25
• Report Pass: 6/16/25

Caption

Extends the additional one percent sales and use tax for Chenango county.

Summary

Bill A07492 aims to extend the additional one percent sales and use tax for Chenango County, which is currently set to expire. This extension allows the county to continue imposing this additional tax, which has been in place since September 1, 2002. The proposed extension is set to last until November 30, 2027, thereby providing the county with a continued revenue stream to support local services and infrastructure. The bill amends the tax law specifically for Chenango County, reflecting the local government's authority to manage its tax rates effectively.

Impact

If passed, this bill will maintain the current tax structure in Chenango County, allowing it to collect an additional one percent on sales and use taxes. This revenue is crucial for the county's budget, potentially impacting funding for public services, infrastructure projects, and local government operations. The extension is expected to have a positive effect on the county's financial stability, ensuring that essential services can continue without interruption.

Sentiment

The sentiment surrounding Bill A07492 appears to be overwhelmingly positive, as indicated by the unanimous votes in both the Assembly Ways and Means Committee and the Assembly Rules Committee. The support suggests that lawmakers recognize the importance of this tax extension for the financial health of Chenango County and its constituents.

Contention

There are no notable points of contention reported regarding Bill A07492. The lack of opposition during committee discussions and voting indicates a consensus among lawmakers about the necessity of extending the tax for the benefit of Chenango County.