Bill > S07649

This bill extends the authorization for the city of Oswego to impose an additional one percent sales and compensating use tax beyond its current expiration date. Specifically, the legislation amends a previous tax law to change the end date of the city's authority to implement this supplemental sales tax from November 30, 2025, to November 30, 2027. Compensating use taxes are typically applied to purchases made outside of the city but used within it, ensuring that local businesses are not disadvantaged by out-of-state or online purchases. By extending this authorization, the city will continue to have the ability to generate additional local revenue through this supplemental sales tax for two more years, which can help fund municipal services and infrastructure. The bill takes effect immediately upon passage, allowing the city to maintain its current tax collection practices without interruption.

Budget and Finance, Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S7649