NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A9550
SPONSOR: Pretlow TITLE OF BILL:
An act to amend chapter 62 of the laws of 2015 amending the tax law
relating to the imposition of an occupancy tax in the city of Yonkers,
in relation to extending the effectiveness thereof
PURPOSE OR GENERAL IDEA OF BILL::
Extends the effectiveness of an occupancy tax imposed in the City of
Yonkers. SUMMARY OF SPECIFIC PROVISIONS: Amends Chapter,I12 of the Laws
of 2018 extending the sunset from September 1, 2024 to September 1,
2027.
JUSTIFICATION::
The City of Yonkers occupancy tax currently is scheduled to sunset on -
September 1, 2024. In order for the City to continue generating revenue
the sunset must be extended. Revenues from the additional tax assists
the City of Yonkers in providing essential services, while maintaining a
balanced budget.
LEGISLATIVE HISTORY::
2013:A7134A (Mayer)passed assembly S4707-A Latimer;
2015:A 2008(Mayer)/5549Latimer (Chapter 62 of the Laws of 2015)
2018:A10529 Pretlow57419Stewart-Cousins (Chapter 112 of the Laws of
2018)
2021:Chapter.224
FISCAL IMPLICATIONS::
None to the state, but increased revenue for the City of Yonkers.
EFFECTIVE DATE::
This act shall take effect immediately and shall expire and be deemed
repealed September 1, 2027.
STATE OF NEW YORK
________________________________________________________________________
9550
IN ASSEMBLY
March 20, 2024
___________
Introduced by M. of A. PRETLOW -- read once and referred to the Commit-
tee on Ways and Means
AN ACT to amend chapter 62 of the laws of 2015 amending the tax law
relating to the imposition of an occupancy tax in the city of Yonkers,
in relation to extending the effectiveness thereof
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 2 of chapter 62 of the laws of 2015 amending the
2 tax law relating to the imposition of an occupancy tax in the city of
3 Yonkers, as amended by chapter 224 of the laws of 2021, is amended to
4 read as follows:
5 § 2. This act shall take effect immediately and shall expire and be
6 deemed repealed September 1, [2024] 2027.
7 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD08345-01-3
