Bill

Bill > A07775


NY A07775

NY A07775
Extends the authorization of the county of Rensselaer to impose an additional one percent of sales and compensating use taxes until November 30, 2027.


summary

Introduced
04/10/2025
In Committee
06/17/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the tax law, in relation to extending the authorization of the county of Rensselaer to impose an additional one percent of sales and compensating use taxes

AI Summary

This bill extends the authorization for Rensselaer County, located in New York State, to impose an additional one percent sales and compensating use tax beyond its current expiration date. Specifically, the bill amends an existing section of the tax law to change the end date of this tax authorization from November 30, 2025, to November 30, 2027. Sales taxes are additional percentages charged on retail purchases within a jurisdiction, while compensating use taxes are applied to goods purchased outside the county but used within it. This type of local tax authorization is common for counties seeking to generate additional revenue for local services and infrastructure. The bill will allow Rensselaer County to continue collecting this supplemental 1% sales tax for an additional two years beyond the previous expiration date, providing continued funding flexibility for the county. The legislation takes effect immediately upon passage, ensuring a seamless continuation of the existing tax authorization.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

substituted by s7294 (on 06/17/2025)

bill text


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