Bill

Bill > S07013


NY S07013

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


summary

Introduced
03/28/2025
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 granted to the county of Montgomery to impose an additional one percent sales and compensating use taxes

AI Summary

This bill extends the authorization for Montgomery County, New York, to impose an additional one percent sales and compensating use tax until November 30, 2027. Currently, the county is authorized to levy a supplemental sales tax on top of the standard three percent rate, which was previously set to expire on November 30, 2025. By amending the existing tax law, the bill simply changes the expiration date from 2025 to 2027, allowing the county to continue collecting this additional sales tax for two more years. Sales and compensating use taxes are local taxes applied to the sale of goods and services, with the compensating use tax typically covering purchases made outside the taxing jurisdiction but used within it. This extension will provide Montgomery County with continued flexibility in generating local revenue to support its municipal operations and services.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (1)

Last Action

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

bill text


bill summary

Loading...

bill summary

Loading...
Loading...