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Bill > S02522
NY S02522
NY S02522Extends the authorization granted to the county of Franklin to impose an additional one percent of sales and compensating use taxes until November 30th, 2027.
summary
Introduced
01/21/2025
01/21/2025
In Committee
01/21/2025
01/21/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to extending the authorization granted to the county of Franklin to impose an additional one percent of sales and compensating use taxes
AI Summary
This bill extends the existing authorization for Franklin County to impose an additional one percent sales and use tax beyond its current expiration date. Specifically, the legislation amends the New York State tax law to change the end date of the county's special taxing authority from November 30th, 2025 to November 30th, 2027. This means that Franklin County can continue to levy a supplemental sales tax at four percent total (three percent standard rate plus one percent additional) for two more years than previously allowed. The bill does not create a new tax, but rather prolongs an existing taxing mechanism that allows the county to generate additional local revenue. The legislation takes effect immediately upon passage, demonstrating a straightforward administrative extension of the county's existing fiscal capabilities. Such local tax authorization extensions are common methods for counties to maintain consistent funding streams for local government services and infrastructure.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Companion passed 2025-08-07 (on 08/07/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2025/S2522 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S02522&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S02522 |
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