Bill > S01691

This bill extends the authorization for Otsego County, located in New York State, to impose an additional 1% sales and compensating use tax on top of the existing 3% tax rate. Specifically, the bill amends a previous tax law provision by changing the end date of this authorization from November 30, 2025, to November 30, 2027. Sales and compensating use taxes are local taxes applied to the sale of goods and services, with the compensating use tax designed to ensure that goods purchased outside the county but used within it are still subject to local taxation. The bill allows Otsego County to continue levying this additional tax for two more years beyond the previously established expiration date, giving the county continued flexibility in generating local tax revenue. The legislation takes effect immediately upon passage, which is typical for procedural tax authorization extensions.

Budget and Finance, Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S1691