Bill > S06385

This bill extends the authority of Madison County, New York, to impose an additional 1% sales and compensating use tax beyond the standard 3% rate. Specifically, the bill amends an existing tax law to change the end date of this additional tax authority from November 30, 2025, to November 30, 2027, effectively providing the county with two more years to collect this supplemental sales tax. Sales and compensating use taxes are local taxes applied to the sale of goods and services, with the compensating use tax typically applied to out-of-state purchases to ensure local retailers are not disadvantaged. The bill's primary purpose is to give Madison County continued flexibility in local tax collection, allowing the county to maintain this additional revenue stream for two more years. The legislation takes effect immediately upon passage, and it represents a standard practice of periodically extending local taxation authorities to support county budgets and services.

Budget and Finance, Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S6385