N.Y. Tax Law § 1262-T — City of Yonkers - disposition of net collections from the additional one-half of one percent rate of sales and compensating use taxes in ...

* § 1262-t. City of Yonkers - disposition of net collections from the\nadditional one-half of one percent rate of sales and compensating use\ntaxes in the city of Yonkers. Notwithstanding any provision of law to\nthe contrary, if the city of Yonkers imposes the additional one-half of\none percent rate of sales and compensating use taxes authorized by item\n(b) of clause one of subparagraph (ii) of the opening paragraph of\nsection twelve hundred ten of this article, the city shall use the net\ncollections from such additional one-half of one percent rate solely for\nthe support of education, unless the city council votes, on an annual\nbasis, to use such net collections for a different purpose of the city,\nprovided, however, that the requirements of paragraph b of subdivision\nfive-b of section two thousand five hundred seventy-six of the education\nlaw are met.\n * NB Repealed November 30, 2027\n