Bill > S07198

This bill extends the authorization for Albany County to impose an additional one percent sales and compensating use tax until November 30, 2027, which was previously set to expire in 2025. The bill modifies existing tax law to allow the county to continue levying this supplemental sales tax, which would be in addition to the standard three percent rate. Furthermore, the bill mandates that if Albany County chooses to impose this additional one percent tax, it must allocate and distribute the net tax collections to cities, towns, and villages within the county using the same proportional method currently in place for the three percent tax rate. An important caveat is included stating that if any city in Albany County exercises its independent right to impose its own local tax, the county would not be required to continue allocating these tax collections as specified. The legislation takes effect immediately upon passage, providing Albany County continued flexibility in local tax collection and revenue distribution.

Budget and Finance, Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S7198