Bill > A05323

This bill extends the authorization for the city of Yonkers to impose additional sales taxes until November 30, 2027, instead of the previously set expiration date of November 30, 2025. Specifically, the bill allows Yonkers to continue collecting two types of additional sales taxes: one percent on top of the existing three percent rate, and an additional half of one percent. This extension means that Yonkers can continue to generate municipal revenue through these extra sales tax rates for two more years beyond the current authorization. The bill amends two previous pieces of legislation - the tax law and a 2015 law relating to Yonkers' sales tax - to update the expiration dates. The changes are technical in nature and primarily serve to maintain the city's existing taxing authority for a longer period, providing fiscal continuity for the local government.

Budget and Finance, Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A5323