Bill Text: NY S04264 | 2013-2014 | General Assembly | Introduced
Bill Title: Extends from November 30, 2013 to November 30, 2015, the authorization granted to the county of Steuben to impose an additional one percent of sales and compensating use taxes.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2013-06-21 - SUBSTITUTED BY A6243 [S04264 Detail]
Download: New_York-2013-S04264-Introduced.html
S T A T E O F N E W Y O R K ________________________________________________________________________ 4264 2013-2014 Regular Sessions I N S E N A T E March 18, 2013 ___________ Introduced by Sen. O'MARA -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to extending the authorization of the county of Steuben to impose an additional one percent of sales and compensating use taxes THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: 1 Section 1. Clause 26 of subparagraph (i) of the opening paragraph of 2 section 1210 of the tax law, as amended by chapter 132 of the laws of 3 2011, is amended to read as follows: 4 (26) the county of Steuben is hereby further authorized and empowered 5 to adopt and amend local laws, ordinances or resolutions imposing such 6 taxes at a rate which is one percent additional to the three percent 7 rate authorized above in this paragraph for such county for the period 8 beginning December first, nineteen hundred ninety-two and ending Novem- 9 ber thirtieth, two thousand [thirteen] FIFTEEN; 10 S 2. Section 1262-h of the tax law, as amended by chapter 132 of the 11 laws of 2011, is amended to read as follows: 12 S 1262-h. Allocation and distribution of net collections from the 13 additional one percent rate of sales and compensating use taxes in Steu- 14 ben county. Notwithstanding any provision of law to the contrary, of the 15 net collections received by the county of Steuben as a result of the 16 imposition of the additional one percent rate of tax authorized by 17 section twelve hundred ten of this article (a) during the period begin- 18 ning December first, nineteen hundred ninety-three and ending November 19 thirtieth, nineteen hundred ninety-four, the county of Steuben shall pay 20 or cause to be paid to the city of Hornell the sum of two hundred thou- 21 sand dollars, to the city of Corning the sum of three hundred thousand 22 dollars, and the sum of five hundred thousand dollars to the towns and 23 villages of the county of Steuben, on the basis of the ratio which the 24 full valuation of real property in each town or village bears to the 25 aggregate full valuation of real property in all of the towns and 26 villages in such area. Of the net collections received by the county of EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09927-02-3 S. 4264 2 1 Steuben as a result of the imposition of said additional one percent 2 rate of tax authorized by section twelve hundred ten of this article 3 during the period beginning December first, nineteen hundred ninety-four 4 and ending November thirtieth, nineteen hundred ninety-five, the county 5 of Steuben shall pay or cause to be paid to the city of Hornell the sum 6 of three hundred thousand dollars, to the city of Corning the sum of 7 four hundred fifty thousand dollars, and the sum of seven hundred fifty 8 thousand dollars to the towns and villages of the county of Steuben, on 9 the basis of the ratio which the full valuation of real property in each 10 town or village bears to the aggregate full valuation of real property 11 in all of the towns and villages in such area; and (b) during the period 12 beginning December first, nineteen hundred ninety-five and ending Novem- 13 ber thirtieth, two thousand seven, the county of Steuben shall annually 14 pay or cause to be paid to the city of Hornell the sum of five hundred 15 fifty thousand dollars, to the city of Corning the sum of six hundred 16 thousand dollars, and the sum of seven hundred fifty thousand dollars to 17 the towns and villages of the county of Steuben, on the basis of the 18 ratio which the full valuation of real property in each town or village 19 bears to the aggregate full valuation of real property in all of the 20 towns and villages in such area; and during the period beginning Decem- 21 ber first, two thousand seven and ending November thirtieth, two thou- 22 sand nine, the county of Steuben shall annually pay or cause to be paid 23 to the city of Hornell the sum of six hundred ten thousand dollars, to 24 the city of Corning the sum of six hundred fifty thousand dollars, and 25 the sum of seven hundred fifty thousand dollars to the towns and 26 villages of the county of Steuben, on the basis of the ratio which the 27 full valuation of real property in each town or village bears to the 28 aggregate full valuation of real property in all of the towns and 29 villages in such area; and during the period beginning December first, 30 two thousand nine and ending November thirtieth, two thousand eleven, 31 the county of Steuben shall annually pay or cause to be paid to the city 32 of Hornell the sum of seven hundred ten thousand dollars, to the city of 33 Corning the sum of seven hundred ten thousand dollars, and the sum of 34 seven hundred fifty thousand dollars to the towns and villages of the 35 county of Steuben, on the basis of the ratio which the full valuation of 36 real property in each town or village bears to the aggregate full valu- 37 ation of real property in all of the towns and villages in such area; 38 and during the period beginning December first, two thousand eleven and 39 ending November thirtieth, two thousand thirteen, the county of Steuben 40 shall annually pay or cause to be paid to the city of Hornell the sum of 41 seven hundred forty thousand dollars, to the city of Corning the sum of 42 seven hundred forty thousand dollars, and the sum of seven hundred fifty 43 thousand dollars to the towns and villages of the county of Steuben, on 44 the basis of the ratio which the full valuation of real property in each 45 town or village bears to the aggregate full valuation of real property 46 in all of the towns and villages in such area; AND DURING THE PERIOD 47 BEGINNING DECEMBER FIRST, TWO THOUSAND THIRTEEN AND ENDING NOVEMBER 48 THIRTIETH, TWO THOUSAND FIFTEEN, THE COUNTY OF STEUBEN SHALL ANNUALLY 49 PAY OR CAUSE TO BE PAID TO THE CITY OF HORNELL THE SUM OF SEVEN HUNDRED 50 SIXTY-FIVE THOUSAND DOLLARS, TO THE CITY OF CORNING THE SUM OF SEVEN 51 HUNDRED SIXTY-FIVE THOUSAND DOLLARS, AND THE SUM OF SEVEN HUNDRED FIFTY 52 THOUSAND DOLLARS TO THE TOWNS AND VILLAGES OF THE COUNTY OF STEUBEN, ON 53 THE BASIS OF THE RATIO WHICH THE FULL VALUATION OF REAL PROPERTY IN EACH 54 TOWN OR VILLAGE BEARS TO THE AGGREGATE FULL VALUATION OF REAL PROPERTY 55 IN ALL OF THE TOWNS AND VILLAGES IN SUCH AREA. 56 S 3. This act shall take effect immediately.