BILL NUMBER: S5782
SPONSOR: FERNANDEZ
 
TITLE OF BILL:
An act to amend the tax law, in relation to extending the authorization
of the city of New Rochelle to impose an additional sales and compensat-
ing use tax
 
PURPOSE OR GENERAL IDEA OF BILL:
Amends the tax law to authorize the city of New Rochelle to adopt and
amend local laws, ordinances or resolutions to continue to impose a tax
at a rate which is one percent additional to the three percent rate
authorized for such city during the period beginning September 1, 1993
and ending December 31, 2027.
 
SUMMARY OF PROVISIONS:
Section 1 Clause 4 of subparagraph (ii) of the opening paragraph of
section 1210 of the tax law, as amended by section 1 of item DDD of
subpart c of part XXX of chapter 58 of the laws of 2020, is amended to
read as follows:
(4) the city of New Rochelle is hereby further authorized and empowered
to adopt and amend local laws, ordinances or resolutions imposing such
taxes at a rate which is one percent additional to the three percent
rate authorized above in this paragraph for such city for the period
beginning September 1, 1993 and ending December 31, 2027.
 
DIFFERENCE BETWEEN ORIGINAL AND AMENDED VERSION (IF APPLICABLE):
The bill is amended to change the end of the authorized extension from
December 31, 2025 to December 31, 2027.
 
JUSTIFICATION:
The city of New Rochelle is requesting authorization from the legisla-
ture to impose an additional one percent sales and compensating use tax
above the standard three percent rate for the period January 1, 2025 to
December 31, 2027. Revenues from the additional tax will assist the City
of New Rochelle in providing essential services, while maintaining a
balanced budget.
 
PRIOR LEGISLATIVE HISTORY:
Chapter 58 of the laws of 2020
Chapter 61 of 2017
A5679 Otis /S 2322 Latimer, Chapter 274 of the Laws of 2015
A5138 Otis / S 2591 Latimer, Chapter 312 of the Laws of 2013
 
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:
The legislation will result in additional revenues for the City of New
Rochelle annually.
 
EFFECTIVE DATE:
This act shall take effect immediately.

Statutes affected:
S5782: 1210 tax law