2012 New York Consolidated Laws
TAX - Tax
Article 29 - TAXES AUTHORIZED FOR CITIES, COUNTIES AND SCHOOL DISTRICTS
Part 4 - (1260 - 1264) DISPOSITION OF REVENUES
1262-H - Allocation and distribution of net collections from the additional one percent rate of sales and compensating use taxes in Steuben county.


NY Tax L § 1262-H (2012) What's This?
 
    §  1262-h.  Allocation  and  distribution  of net collections from the
  additional one percent rate of  sales  and  compensating  use  taxes  in
  Steuben county. Notwithstanding any provision of law to the contrary, of
  the net collections received by the county of Steuben as a result of the
  imposition  of  the  additional  one  percent  rate of tax authorized by
  section twelve hundred  ten  of  this  article  (a)  during  the  period
  beginning  December  first,  nineteen  hundred  ninety-three  and ending
  November thirtieth, nineteen hundred ninety-four, the county of  Steuben
  shall  pay  or  cause  to  be paid to the city of Hornell the sum of two
  hundred thousand dollars, to the  city  of  Corning  the  sum  of  three
  hundred  thousand  dollars, and the sum of five hundred thousand dollars
  to the towns and villages of the county of Steuben, on the basis of  the
  ratio  which the full valuation of real property in each town or village
  bears to the aggregate full valuation of real property  in  all  of  the
  towns  and villages in such area. Of the net collections received by the
  county of Steuben as a result of the imposition of said  additional  one
  percent  rate  of  tax  authorized by section twelve hundred ten of this
  article during the period beginning  December  first,  nineteen  hundred
  ninety-four and ending November thirtieth, nineteen hundred ninety-five,
  the  county  of  Steuben  shall  pay  or cause to be paid to the city of
  Hornell the sum of three  hundred  thousand  dollars,  to  the  city  of
  Corning  the  sum of four hundred fifty thousand dollars, and the sum of
  seven hundred fifty thousand dollars to the towns and  villages  of  the
  county of Steuben, on the basis of the ratio which the full valuation of
  real  property  in  each  town  or  village  bears to the aggregate full
  valuation of real property in all of the  towns  and  villages  in  such
  area;  and  (b)  during  the  period  beginning December first, nineteen
  hundred ninety-five and ending November thirtieth, two  thousand  seven,
  the county of Steuben shall annually pay or cause to be paid to the city
  of  Hornell  the sum of five hundred fifty thousand dollars, to the city
  of Corning the sum of six hundred thousand dollars, and the sum of seven
  hundred fifty thousand dollars to the towns and villages of  the  county
  of  Steuben,  on the basis of the ratio which the full valuation of real
  property in each town or village bears to the aggregate  full  valuation
  of  real  property  in  all  of the towns and villages in such area; and
  during the period beginning  December  first,  two  thousand  seven  and
  ending  November  thirtieth,  two  thousand  nine, the county of Steuben
  shall annually pay or cause to be paid to the city of Hornell the sum of
  six hundred ten thousand dollars, to the city of Corning the sum of  six
  hundred  fifty  thousand  dollars,  and  the  sum of seven hundred fifty
  thousand dollars to the towns and villages of the county of Steuben,  on
  the basis of the ratio which the full valuation of real property in each
  town  or  village bears to the aggregate full valuation of real property
  in all of the towns and villages in such area;  and  during  the  period
  beginning   December  first,  two  thousand  nine  and  ending  November
  thirtieth, two thousand eleven, the county of Steuben shall annually pay
  or cause to be paid to the city of Hornell the sum of seven hundred  ten
  thousand  dollars,  to  the city of Corning the sum of seven hundred ten
  thousand dollars, and the sum of seven hundred fifty thousand dollars to
  the towns and villages of the county of Steuben, on  the  basis  of  the
  ratio  which the full valuation of real property in each town or village
  bears to the aggregate full valuation of real property  in  all  of  the
  towns  and  villages  in  such  area;  and  during  the period beginning
  December first, two thousand eleven and ending November  thirtieth,  two
  thousand  thirteen, the county of Steuben shall annually pay or cause to
  be paid to the city of Hornell the sum of seven hundred  forty  thousand
  dollars,  to the city of Corning the sum of seven hundred forty thousand
  dollars, and the sum of seven hundred  fifty  thousand  dollars  to  the

  towns  and  villages of the county of Steuben, on the basis of the ratio
  which the full valuation of real property in each town or village  bears
  to the aggregate full valuation of real property in all of the towns and
  villages in such area.

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