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 S06046 seeks to extend the authorization for Steuben County to impose an additional one percent sales and compensating use tax until November 30, 2027. This extension allows the county to continue collecting this additional tax, which has been in place since December 1, 1992, thereby providing a continued revenue stream for local municipalities. The bill outlines specific allocations of the tax revenue to various cities and towns within Steuben County, ensuring that funds are distributed based on the full valuation of real property in each area.
Impact
If enacted, this bill will maintain the current tax structure in Steuben County, allowing for an additional one percent sales tax that is crucial for local funding. The revenue generated will be allocated to the city of Hornell, the city of Corning, and various towns and villages within the county, which is expected to support local services and infrastructure. This extension is significant for local governments that rely on these funds for operational budgets and community projects.
Sentiment
The sentiment surrounding Bill S06046 appears to be largely positive, as indicated by the voting history. The bill passed unanimously in the Senate Investigations and Government Operations Committee and received a strong majority in both the Senate and Assembly floor votes, suggesting broad support among legislators. The bill's provisions for local funding allocations may also contribute to its favorable reception.
Contention
There are no notable points of contention reported in the discussions or voting history regarding this bill. The unanimous votes in committee and on the floor suggest that there is a consensus among lawmakers about the necessity of extending the tax authorization. However, potential opposition could arise from taxpayers concerned about the implications of increased sales tax.
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.