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-J - Allocation and distribution of net collections from the additional sales and compensating use taxes in Suffolk county.


NY Tax L § 1262-J (2012) What's This?
 
    §  1262-j.  Allocation  and  distribution  of net collections from the
  additional sales and compensating  use  taxes  in  Suffolk  county.  (a)
  Notwithstanding  any  provision  of  law  to  the  contrary,  of the net
  collections received by the  county  of  Suffolk  as  a  result  of  the
  imposition of up to the additional one percent rate of tax authorized by
  section  twelve  hundred ten of this chapter during the period beginning
  January  first,  nineteen  hundred  ninety-four  and   ending   December
  thirty-first,  nineteen hundred ninety-five, the county of Suffolk shall
  allocate  such  net  collections  as  follows:  one-eighth  of  the  net
  collections  received  shall be dedicated for public safety purposes; an
  appropriate amount shall be used to bring the maximum funds dedicated to
  the sewer stabilization fund to twelve  million  five  hundred  thousand
  dollars  annually;  and,  the  balance shall be deposited in the general
  fund of the county of Suffolk.
    (b) Notwithstanding any provision of law to the contrary, of  the  net
  collections  received  by  the  county  of  Suffolk  as  a result of the
  increase of three-quarters of one  percent  to  the  tax  authorized  by
  section  twelve  hundred  ten  of  this article for the period beginning
  January first, nineteen hundred ninety-six and ending May  thirty-first,
  two  thousand  one,  imposed  by  local  laws  or resolutions (by simple
  majority) by the county legislature, and signed by the county executive,
  the county of Suffolk shall allocate such net collections as follows: an
  amount equal to no less than one-eighth and no more than one-quarter  of
  net  collections  which  would be received from the imposition of a full
  one percent rate increase, shall be dedicated for public safety purposes
  and the balance shall be deposited in the general fund of the county  of
  Suffolk.
    (c)  Notwithstanding  any provision of law to the contrary, of the net
  collections received by the  county  of  Suffolk  as  a  result  of  the
  increase  of one percent to the tax authorized by section twelve hundred
  ten of this article for the period beginning June  first,  two  thousand
  one  and  ending  November  thirtieth, two thousand thirteen, imposed by
  local  laws  or  resolutions  (by  simple  majority)   by   the   county
  legislature,  and  signed by the county executive, the county of Suffolk
  shall allocate such net collections as follows: no less than  one-eighth
  and no more than three-eighths of such net collections received shall be
  dedicated  for public safety purposes and the balance shall be deposited
  in the general fund of the county of Suffolk.

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