Relates to the imposition of sales and compensating use taxes by the county of Albany, the official text

S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7198
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                               April 3, 2025
                                ___________
 
 Introduced  by  Sen.  FAHY  --  read twice and ordered printed, and when
   printed to be committed to the Committee on Investigations and Govern-
   ment Operations
 
 AN ACT to amend the tax law, in relation to the imposition of sales  and
   compensating use taxes by the county of Albany

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Clause 10 of subparagraph (i) of the opening  paragraph  of
 section  1210  of  the tax law, as amended by chapter 271 of the laws of
 2023, is amended to read as follows:
   (10) the county of Albany 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 county for the period
 beginning September first, nineteen hundred ninety-two and ending Novem-
 ber thirtieth, two thousand [twenty-five] TWENTY-SEVEN;
   § 2. Notwithstanding any inconsistent provision of law, if the  county
 of  Albany  imposes the additional one percent rate of sales and compen-
 sating use taxes authorized by section one of this act for  any  portion
 of  the  period  during which the county is so authorized to impose such
 additional one percent rate of such taxes, then such  county  of  Albany
 shall  allocate  and  distribute quarterly to the cities and the area in
 the county outside the cities the same  proportion  of  net  collections
 attributable  to  such additional one percent rate of such taxes as such
 county is allocating and distributing the net collections from the coun-
 ty's three percent rate of such taxes as of the date this act shall have
 become a law, and such portion of net collections attributable  to  such
 additional  one  percent  rate  of  such  taxes  shall  be allocated and
 distributed to the towns and villages in such county in the same  manner
 as  the net collections attributable to such county's three percent rate
 of such taxes are allocated and distributed to such towns  and  villages
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11533-01-5
 S. 7198                             2
 
 as  of  the date this act shall have become a law. In the event that any
 city in the county of Albany exercises its prior  right  to  impose  tax
 pursuant to section 1224 of the tax law, then the county of Albany shall
 not be required to allocate and distribute net collections in accordance
 with  the previous sentence for any period of time during which any such
 city tax is in effect.
   § 3. This act shall take effect immediately.