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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
In Committee
05/27/2025
Crossed Over
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)

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