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Bill > A04842


NY A04842

NY A04842
Extends the authorization for Otsego county to impose additional rates of sales and compensating use taxes.


summary

Introduced
02/06/2025
In Committee
06/17/2025
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 for Otsego county to impose additional rates of sales and compensating use taxes

AI Summary

This bill extends the authorization for Otsego County to impose an additional 1% sales and compensating use tax beyond its current expiration date. Specifically, the legislation amends an existing section of New York tax law to change the end date of the county's special taxing authority from November 30, 2025 to November 30, 2027. This means Otsego County will continue to be permitted to levy a 1% supplemental sales tax on top of the standard 3% county rate for an additional two years. The bill is a relatively straightforward extension of existing tax law, allowing the county to maintain its current local sales tax structure. The legislation takes effect immediately upon passage, ensuring a seamless continuation of the county's tax collection authority.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

substituted by s1691 (on 06/17/2025)

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