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Bill > S06215


NY S06215

Extends authorization for the county of Fulton to impose an additional one percent of sales and compensating use taxes until November 30, 2027.


summary

Introduced
03/06/2025
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 authorization for the county of Fulton to impose an additional one percent of sales and compensating use taxes

AI Summary

This bill extends the authorization for Fulton County, New York, to continue imposing an additional one percent sales and compensating use tax until November 30, 2027. Specifically, the legislation amends an existing section of the tax law to update the expiration date of the county's authority to levy this supplemental sales tax. The current authorization was set to expire on November 30, 2025, and this bill pushes that date forward by two years to November 30, 2027. Sales and compensating use taxes are local taxes applied to the sale of goods and services, with this additional one percent tax being on top of the standard three percent rate already authorized for the county. The bill allows Fulton County to continue generating additional revenue through this local tax mechanism, providing financial flexibility for the county's budgetary needs. The legislation takes effect immediately upon passage.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (1)

Last Action

referred to ways and means (on 05/27/2025)

bill text


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