BILL NUMBER: S434
SPONSOR: STEWART-COUSINS
 
TITLE OF BILL:
An act to amend the tax law, in relation to authorizing the city of
Yonkers to impose additional sales tax; and to amend chapter 67 of the
laws of 2015, amending the tax law relating to authorizing the city of
Yonkers to impose additional sales tax, in relation to extending
provisions relating thereto
 
PURPOSE:
The purpose of this bill is to extend the authorization for the city of
Yonkers to impose an additional one-half of one-percent sales tax until
November 30, 2027.
 
SUMMARY OF PROVISIONS:
Section 1 of the bill amends the tax law to extend the authority of the
city of Yonkers to impose an additional sales tax until November 30,
2027.
Section 2 amends the tax law to state the law takes effect immediately
and will expire, and therefore be deemed repealed, on November 30, 2027.
Section 3 is the effective date.
 
JUSTIFICATION:
This bill extends the authority of the city of Yonkers to impose an
additional one-half of one percent of sales tax from November 30, 2025
to November 30, 2027. First authorized in 2015, this legislation was
enacted to ensure fiscal stability and the continued delivery of crit-
ical services to Yonkers residents. Sales and use taxes are a signif-
icant source of revenue for the city. The additional sales tax revenue
generated by the additional one-half of one percent of sales tax revenue
each year significantly alleviates the present fiscal stress on the
City, and its public school system, enabling efforts toward maintaining
financial stability.
 
LEGISLATIVE HISTORY:
2023 - S6821 (Stewart-Cousins); Chapter 178
2020 - S7508B (Budget); Chapter 58, Part XXX, Subpart C, Item CCC
2017 - A40001 (Rules); Chapter 61, Part A, SubpartCCC
2015 - S5993A (Stewart-Cousins); Chapter 67
 
FISCAL IMPLICATIONS:
None to the State.
 
EFFECTIVE DATE:
This act shall take effect immediately; provided however, that the
amendments to clause 1 of subparagraph (ii) of the opening paragraph of
section 1210 of the tax law made by section one of this act shall not
affect the expiration and reversion of such clause and shall be deemed
expired therewith.

Statutes affected:
S434: 1210 tax law