Bill
Bill > S06046
NY S06046
Extends the authorization of the county of Steuben to impose an additional one percent of sales and compensating use taxes through November 30, 2027.
summary
Introduced
03/05/2025
03/05/2025
In Committee
05/27/2025
05/27/2025
Crossed Over
05/27/2025
05/27/2025
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 Steuben to impose an additional one percent of sales and compensating use taxes
AI Summary
This bill extends the authorization for Steuben County to impose an additional one percent sales and compensating use tax through November 30, 2027. The legislation modifies existing tax law to update the time period during which the county can levy this extra sales tax. Specifically, the bill changes the expiration date from November 30, 2025 to November 30, 2027, allowing the county to continue collecting this additional tax revenue. The bill also updates the allocation and distribution of these net tax collections, specifying that during the new period (from December 1, 2025 to November 30, 2027), the county will annually pay $900,000 to the city of Hornell, $900,000 to the city of Corning, and $900,000 to the towns and villages within Steuben County. The distribution to towns and villages will be based on the ratio of each locality's full real property valuation compared to the total full valuation of all towns and villages in the county. This extension provides continued fiscal flexibility and revenue support for local governments in Steuben County.
Committee Categories
Budget and Finance, Government Affairs, Transportation and Infrastructure
Sponsors (1)
Last Action
referred to ways and means (on 05/27/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://www.nysenate.gov/legislation/bills/2025/S6046 |
BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S06046&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S06046 |
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