N.Y. Tax Law § 1210-f: Sales and compensating use tax for purposes of the Suffolk county water quality restoration fund

§ 1210-F. Sales and compensating use tax for purposes of the Suffolk

county water quality restoration fund. (a) In addition to the taxes

imposed by section twelve hundred ten, section twelve hundred ten-A, or

any other provision of this article, the county of Suffolk is hereby

authorized and empowered to adopt and amend a local law, ordinance or

resolution, subject to a mandatory referendum, in accordance with the

provisions set forth in section twenty-three of the municipal home rule

law, imposing within the territorial limits of said county an additional

sales and compensating use tax at the rate of one-eighth of one percent

for the period beginning March first, two thousand twenty-four and

ending February twenty-ninth, two thousand sixty, which tax shall be

identical to the tax imposed by said county pursuant to section twelve

hundred ten of this article. Provided, however, that such local law,

ordinance or resolution shall not take effect unless such county

complies with the provisions of subdivisions (d) and (e) of section

twelve hundred ten of this subpart and provides notice to the

commissioner in accordance with the provisions of subdivision (d) of

such section of the approval of such resolution by the electors. Except

as hereinafter provided, all provisions of this article, including the

definition and exemption provisions and the provisions relating to the

administration, collection and distribution by the commissioner, shall

apply for purposes of the tax imposed by this section in the same manner

and with the same force and effect as if the language of this article

had been incorporated in full in this section and had expressly referred

to the tax imposed by this section; provided, however, that any

provision relating to a maximum rate shall be calculated without

reference to the additional sales and compensating use tax herein

authorized. For purposes of part IV of this article, relating to the

disposition of revenues resulting from taxes collected and administered

by the commissioner, the additional sales and compensating use tax

herein provided shall be deemed to be imposed under the authority of

section twelve hundred ten of this article and all provisions relating

to the deposit, administration and disposition of taxes, penalties and

interest relating to a tax imposed by a county under the authority of

section twelve hundred ten of this article shall, except as otherwise

specifically provided in this section, apply to the additional sales and

compensating use tax imposed pursuant to this section.

(b) Notwithstanding any other provision of this article to the

contrary, the net collections from the tax imposed pursuant to

subdivision (a) of this section for the period beginning March first,

two thousand twenty-four and ending February twenty-ninth, two thousand

sixty shall, upon payment to the county of Suffolk, be deposited in a

special fund, to be designated as the water quality restoration fund to

be created by said county therefor separate and apart from any other

funds and accounts of the county. Moneys in such fund shall be deposited

and secured in the manner provided by section ten of the general

municipal law and in no event shall moneys deposited be transferred to

any other account. In addition to the net collections from the tax,

deposits into the fund may include revenues of Suffolk county from

whatever source and may include the acceptance of gifts. Pending

expenditure from such fund, moneys therein may be invested in the manner

provided in section eleven of the general municipal law. Any interest

earned or capital gain realized on the moneys so deposited or invested

shall accrue to and become part of such fund. Moneys in said fund may be

appropriated from and transferred to or expended in any fiscal year only

for the purposes authorized by subdivision eleven of section two hundred

fifty-six-b of the county law.