BILL NUMBER: S7149
SPONSOR: BORRELLO
 
TITLE OF BILL:
An act to amend the tax law, in relation to extending the authorization
for Chautauqua county to impose an additional one percent rate of sales
and compensating use taxes
 
PURPOSE:
Extends to November 30, 2027, the authority of the county of Chautauqua
to impose an additional 1 percent of sales and compensating use tax.
 
SUMMARY OF SPECIFIC PROVISIONS:
Section 1: Amends section 1210 of the tax law, as amended by chapter 252
of the laws of 2023 to provide authorization for enactment of a 1
percent rate under Section 1210 of the tax law until November 30, 2027.
Section 2: Amends section 1262-o of the tax law, as amended by section 2
of chapter 252 of the laws of 2023 to authorize the county of Chautauqua
to continue to impose an additional sales tax of 1% through November 30,
2027.
Section 3: Provides that the act shall take effect immediately.
 
JUSTIFICATION:
Chautauqua County is requesting a continuation of its additional 1
percent sales tax. The additional 1 percent sales tax allows the county
to preserve a satisfactory fund balance, attain a structurally balanced
budget, and lower real property taxes.
 
LEGISLATIVE HISTORY:
Chapter 61 of 2017 Chapter 252 of 2023
 
FISCAL IMPLICATIONS:
None.
 
EFFECTIVE DATE:
This act shall take effect immediately.

Statutes affected:
S7149: 1210 tax law, 1262-o tax law