Bill Text: NY A07235 | 2011-2012 | General Assembly | Introduced

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Bill Title: Allocates an amount equal to one-half the net collections from taxes in Suffolk county to the towns and villages of the county of Suffolk on the basis of the ratio which the full valuation of real property in each town outside the village or village bears to the aggregate full valuation of real property.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2012-06-19 - held for consideration in ways and means [A07235 Detail]

Download: New_York-2011-A07235-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         7235
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                    April 19, 2011
                                      ___________
       Introduced by M. of A. THIELE -- read once and referred to the Committee
         on Ways and Means
       AN  ACT  to amend the tax law, in relation to the allocation of revenues
         from sales and use taxes to villages  wholly  or  partially  contained
         within Suffolk county
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Subdivision (c) of  section  1262-j  of  the  tax  law,  as
    2  amended  by  chapter  283  of  the  laws  of 2009, is amended to read as
    3  follows:
    4    (c) Notwithstanding any provision of law to the contrary, of  the  net
    5  collections  received  by  the  county  of  Suffolk  as  a result of the
    6  increase of one percent to the tax authorized by section twelve  hundred
    7  ten  of  this  article for the period beginning June first, two thousand
    8  one and ending November thirtieth, two thousand eleven, imposed by local
    9  laws or resolutions (by simple majority) by the county legislature,  and
   10  signed  by  the  county  executive, the county of Suffolk shall allocate
   11  such net collections as follows: (1) no less than one-eighth and no more
   12  than three-eighths of such net collections received shall  be  dedicated
   13  for  public  safety  purposes;  (2)  AN AMOUNT EQUAL TO ONE-HALF THE NET
   14  COLLECTIONS TO THE TOWNS AND VILLAGES OF THE COUNTY OF  SUFFOLK  ON  THE
   15  BASIS  OF  THE  RATIO  WHICH THE FULL VALUATION OF REAL PROPERTY IN EACH
   16  TOWN OUTSIDE THE VILLAGE OR VILLAGE BEARS TO THE  AGGREGATE  FULL  VALU-
   17  ATION  OF  REAL  PROPERTY  IN  THE  COUNTY; and (3) the balance shall be
   18  deposited in the general fund of the county of Suffolk.
   19    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD10682-01-1