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-R - Allocation and distribution of certain net collections in the county of Oswego.


NY Tax L § 1262-R (2012) What's This?
 
    * §  1262-r. Allocation and distribution of certain net collections in
  the county of Oswego. Notwithstanding any other provision of law to  the
  contrary,  if the city of Fulton does not impose any tax pursuant to the
  authority of section twelve hundred ten of this article: (1) the  county
  of  Oswego shall impose sales and compensating use taxes pursuant to the
  authority of subdivision (a) of  section  twelve  hundred  ten  of  this
  article  at the maximum rate authorized therefor; (2) such county shall,
  by local law, ordinance or resolution, allocate and  distribute  monthly
  to  the  city  of  Fulton  net collections in the amount of five hundred
  eight thousand eight hundred twenty dollars, commencing on the first day
  of the first month in which  the  repeal  of  such  city's  taxes  takes
  effect,  and  continuing  monthly  unless the city of Fulton imposes tax
  pursuant to the authority of such section twelve hundred ten;  (3)  such
  monthly amount allocated and distributed to such city shall be deemed to
  be  paid from the county's net collections set aside for county purposes
  and shall not affect the amount of net collections to be  allocated  and
  distributed  by  the county to the area of the county outside the cities
  in the county pursuant to subdivision  (c)  of  section  twelve  hundred
  sixty-two  of  this  part;  and (4) such county shall not be required to
  allocate net collections to the city of Fulton pursuant  to  subdivision
  (c) of such section twelve hundred sixty-two unless net collections from
  the county's sales and compensating use taxes exceed thirty-four million
  dollars per year, in which case the county shall allocate ten percent of
  its  net  collections  in  excess  of thirty-four million dollars on the
  basis of population to the city of Fulton and such area  of  the  county
  outside the cities.
    * NB There are 2 § 1262-r's

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