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A07237 Summary:

BILL NOA07237
 
SAME ASSAME AS S06821
 
SPONSORPretlow
 
COSPNSR
 
MLTSPNSR
 
Amd 1210, Tax L; amd 7, Chap 67 of 2015
 
Extends certain provisions relating to additional sales tax imposed by the city of Yonkers.
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A07237 Actions:

BILL NOA07237
 
05/15/2023referred to ways and means
06/05/2023reported referred to rules
06/05/2023reported
06/05/2023rules report cal.542
06/05/2023substituted by s6821
 S06821 AMEND= STEWART-COUSINS
 05/10/2023REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
 05/15/20231ST REPORT CAL.977
 05/16/20232ND REPORT CAL.
 05/17/2023ADVANCED TO THIRD READING
 05/23/2023PASSED SENATE
 05/23/2023DELIVERED TO ASSEMBLY
 05/23/2023referred to ways and means
 06/05/2023substituted for a7237
 06/05/2023ordered to third reading rules cal.542
 06/05/2023home rule request
 06/05/2023passed assembly
 06/05/2023returned to senate
 06/29/2023DELIVERED TO GOVERNOR
 06/30/2023SIGNED CHAP.178
 05/10/2023REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
 05/15/20231ST REPORT CAL.977
 05/16/20232ND REPORT CAL.
 05/17/2023ADVANCED TO THIRD READING
 05/23/2023PASSED SENATE
 05/23/2023DELIVERED TO ASSEMBLY
 05/23/2023referred to ways and means
 06/05/2023substituted for a7237
 06/05/2023ordered to third reading rules cal.542
 06/05/2023home rule request
 06/05/2023passed assembly
 06/05/2023returned to senate
 06/29/2023DELIVERED TO GOVERNOR
 06/30/2023SIGNED CHAP.178
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A07237 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A7237
 
SPONSOR: Pretlow
  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 authorize the city of Yonkers to continue to impose an additional one-half of one-percent for an additional two- year period ending November 30, 2025.   SUMMARY OF PROVISIONS: Section 1 amends the tax law to extend the authority of the city of Yonkers to impose additional sales taxes until November 30, 2025. Section 2 amends the tax law to state the law takes effect immediately and will expire, and therefore be deemed repealed, on November 30, 2025. Section 3 is the effective date.   JUSTIFICATION: In 2015 the State authorized the city of Yonkers to impose an additional one-half of one percent of sales tax for a two year period. The legis- lation was enacted to help ensure fiscal stability and to ensure the continuation of delivery of critical services to Yonkers residents. Sales and use taxes are a significant source of revenue for the city. In the fiscal year ending in 2016 sales and use taxes amounted to $84,164,326 million. The additional one-half of one percent of sales tax generates approximately $11,129,446 of revenue. 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 main- taining financial stability..   LEGISLATIVE HISTORY: Chapter 58 of the Laws of 2020,,Part XXX, Subpart C, Item CCC 2017-2018: Chapter 61 of the Laws of 2017, SUbpart A, Subpart CCC 2015-2016: Chapter 67 of the.Laws of 2015   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.
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A07237 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          7237
 
                               2023-2024 Regular Sessions
 
                   IN ASSEMBLY
 
                                      May 15, 2023
                                       ___________
 
        Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
          tee on Ways and Means
 
        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
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Clause 1 of subparagraph (ii) of the opening paragraph of
     2  section 1210 of the tax law, as amended by section  1  of  item  CCC  of
     3  subpart  C  of part XXX of chapter 58 of the laws of 2020, is amended to
     4  read as follows:
     5    (1) the city of Yonkers is hereby further authorized and empowered  to
     6  adopt  and  amend  local  laws,  ordinances or resolutions imposing such
     7  taxes at a rate which is:  (a)  one  percent  additional  to  the  three
     8  percent  rate  authorized above in this paragraph for such city; and (b)
     9  one-half of one percent in addition to the  other  rates  authorized  in
    10  this  paragraph  for such city for the period beginning September first,
    11  two thousand fifteen and ending November thirtieth, two thousand  [twen-
    12  ty-three] twenty-five;
    13    § 2. Section 7 of chapter 67 of the laws of 2015, amending the tax law
    14  relating  to  authorizing the city of Yonkers to impose additional sales
    15  tax, as amended by section 2 of item CCC of subpart C  of  part  XXX  of
    16  chapter 58 of the laws of 2020, is amended to read as follows:
    17    §  7.  This  act shall take effect immediately and shall expire and be
    18  deemed repealed November 30, [2023] 2025.
    19    § 3. This act shall take effect immediately; provided,  however,  that
    20  the amendments to clause 1 of subparagraph (ii) of the opening paragraph
    21  of section 1210 of the tax law made by section one of this act shall not
    22  affect  the  expiration and reversion of such clause and shall be deemed
    23  expired therewith.
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11313-01-3
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