N.Y. Tax Law § 1262-O — Disposition of net collections from the additional rate of sales and compensating use taxes in the county of Chautauqua

§ 1262-o. Disposition of net collections from the additional rate of\nsales and compensating use taxes in the county of Chautauqua.\nNotwithstanding any contrary provision of law, if the county of\nChautauqua imposes the additional one and one-quarter percent rate of\nsales and compensating use taxes authorized by section twelve hundred\nten of this article for all or any portion of the period beginning March\nfirst, two thousand five and ending August thirty-first, two thousand\nsix, the additional one percent rate authorized by such section for all\nor any of the period beginning September first, two thousand six and\nending November thirtieth, two thousand seven, the additional\nthree-quarters of one percent rate authorized by such section for all or\nany of the period beginning December first, two thousand seven and\nending November thirtieth, two thousand ten, the county shall allocate\none-fifth of the net collections from the additional three-quarters of\none percent to the cities, towns and villages in the county on the basis\nof their respective populations, determined in accordance with the\nlatest decennial federal census or special population census taken\npursuant to section twenty of the general municipal law completed and\npublished prior to the end of the quarter for which the allocation is\nmade, and allocate the remainder of the net collections from the\nadditional three-quarters of one percent as follows: (1) to pay the\ncounty's expenses for Medicaid and other expenses required by law; (2)\nto pay for local road and bridge projects; (3) for the purposes of\ncapital projects and repaying any debts incurred for such capital\nprojects in the county of Chautauqua that are not otherwise paid for by\nrevenue received from the mortgage recording tax; and (4) for deposit\ninto a reserve fund for bonded indebtedness established pursuant to the\ngeneral municipal law. Notwithstanding any contrary provision of law, if\nthe county of Chautauqua imposes the additional one-half percent rate of\nsales and compensating use taxes authorized by such section twelve\nhundred ten for all or any of the period beginning December first, two\nthousand ten and ending November thirtieth, two thousand fifteen, the\ncounty shall allocate three-tenths of the net collections from the\nadditional one-half of one percent to the cities, towns and villages in\nthe county on the basis of their respective populations, determined in\naccordance with the latest decennial federal census or special\npopulation census taken pursuant to section twenty of the general\nmunicipal law completed and published prior to the end of the quarter\nfor which the allocation is made, and allocate the remainder of the net\ncollections from the additional one-half of one percent as follows: (1)\nto pay the county's expenses for Medicaid and other expenses required by\nlaw; (2) to pay for local road and bridge projects; (3) for the purposes\nof capital projects and repaying any debts incurred for such capital\nprojects in the county of Chautauqua that are not otherwise paid for by\nrevenue received from the mortgage recording tax; and (4) for deposit\ninto a reserve fund for bonded indebtedness established pursuant to the\ngeneral municipal law. Notwithstanding any contrary provision of law, if\nthe county of Chautauqua imposes the additional one percent rate of\nsales and compensating use taxes authorized by such section twelve\nhundred ten for all or any of the period beginning December first, two\nthousand fifteen and ending November thirtieth, two thousand\ntwenty-seven, the county shall allocate three-twentieths of the net\ncollections from the additional one percent to the cities, towns and\nvillages in the county on the basis of their respective populations,\ndetermined in accordance with the latest decennial federal census or\nspecial population census taken pursuant to section twenty of the\ngeneral municipal law completed and published prior to the end of the\nquarter for which the allocation is made, and allocate the remainder of\nthe net collections from the additional one percent as follows: (1) to\npay the county's expenses for Medicaid and other expenses required by\nlaw; (2) to pay for local road and bridge projects; (3) for the purposes\nof capital projects and repaying any debts incurred for such capital\nprojects in the county of Chautauqua that are not otherwise paid for by\nrevenue received from the mortgage recording tax; and (4) for deposit\ninto a reserve fund for bonded indebtedness established pursuant to the\ngeneral municipal law. The net collections from the additional rates\nimposed pursuant to this section shall be deposited in a special fund to\nbe created by such county separate and apart from any other funds and\naccounts of the county to be used for purposes above described.\n