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Bill > A07334


NY A07334

NY A07334
Extends the authority of Oneida county to impose additional rates of sales and compensating use taxes and to allocate and distribute a portion of net collections from such additional rates.


summary

Introduced
03/25/2025
In Committee
06/04/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the tax law, in relation to authorizing Oneida county to impose additional rates of sales and compensating use taxes and providing for allocation and distribution of a portion of net collections from such additional rates

AI Summary

This bill extends Oneida County's authority to impose additional sales and use taxes beyond the previously established expiration date of November 30, 2025, now extending the authorization to November 30, 2027. Specifically, the bill allows Oneida County to continue imposing an additional one percent sales and use tax, as well as an additional three-quarters or one-half of one percent tax on top of the existing three percent rate. The bill also modifies the allocation and distribution of net tax collections, maintaining provisions for sharing revenue with cities in the county. When a city in Oneida County imposes its own sales tax, the county will continue to allocate half of the net collections from the additional one percent tax to that city. For cities not imposing their own tax, the county will distribute a portion of the tax collections based on population. Additionally, the bill preserves a requirement that the first $1.5 million of net collections after reaching $18.5 million will be allocated among the county's towns on a per capita basis, subject to approval by town and village resolutions. The changes ensure continued local tax flexibility and revenue sharing for Oneida County through August 31, 2027.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Companion passed 2025-08-07 (on 08/07/2025)

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