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Bill > S05512


NY S05512

NY S05512
Extends the authorization of the county of Onondaga to impose an additional rate of sales and compensating use taxes from November 30, 2025 until November 30, 2027.


summary

Introduced
02/24/2025
In Committee
02/24/2025
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 of the county of Onondaga to impose an additional rate of sales and compensating use taxes

AI Summary

This bill extends the authorization for Onondaga County to impose an additional one percent sales and compensating use tax from November 30, 2025, to November 30, 2027. Specifically, the bill modifies existing tax law to allow the county to continue levying this extra sales tax for two more years. For the periods of December 1, 2025 to November 30, 2026, and December 1, 2026 to November 30, 2027, the bill outlines a specific distribution of the tax revenues: 1.58% will go to Onondaga County for general purposes, 97.79% will be allocated to the city of Syracuse, and 0.63% will be distributed to local school districts in accordance with existing tax law. The additional tax is not subject to any previous revenue distribution agreements, and the act is designed to take effect immediately upon passage, providing continued funding flexibility for local governmental entities in the Onondaga County area.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Companion passed 2025-08-07 (on 08/07/2025)

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