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Bill > A06521


NY A06521

NY A06521
Extends the period during which the county of Herkimer is authorized to impose additional sales and compensating use taxes to November 30, 2027.


summary

Introduced
03/05/2025
In Committee
04/08/2025
Crossed Over
05/27/2025
Passed
08/07/2025
Dead
Signed/Enacted/Adopted
08/07/2025

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the tax law, in relation to extending the period during which the county of Herkimer is authorized to impose additional sales and compensating use taxes

AI Summary

This bill extends the authorization for Herkimer County to impose additional sales and compensating use taxes until November 30, 2027, instead of the previously set expiration date of November 30, 2025. Specifically, the bill allows the county to continue levying two separate additional tax rates: a one percent increase to the standard three percent sales tax, and a separate one-quarter of one percent additional sales and compensating use tax. The additional one-quarter of one percent tax is specifically earmarked for funding the construction of correctional facilities, with any remaining funds to be deposited into the county's general fund. The bill modifies existing tax law to update these tax authorization periods, ensuring that Herkimer County can continue to collect these supplemental sales taxes for an additional two years beyond the previous expiration date. This extension provides the county with continued flexibility in revenue generation and funding for local infrastructure projects, particularly related to correctional facilities.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (1)

Last Action

signed chap.220 (on 08/07/2025)

bill text


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