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Bill > S02522


NY S02522

NY S02522
Extends 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
In Committee
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)

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