N.Y. Tax Law § 1262-k: Allocation and distribution of net collections in Oswego county

§ 1262-k. Allocation and distribution of net collections in Oswego

county. Notwithstanding the contrary provisions of subdivision (c) or

(d) of section twelve hundred sixty-two of this article:

(a) Where a city in the county of Oswego exercises its prior right to

impose all of the taxes described in article twenty-eight of this

chapter as authorized by subdivision (a) of section twelve hundred ten

or section twelve hundred eleven of this article at a rate greater than

one and one-half percent, and the county of Oswego also imposes such

taxes and allocates amounts not set aside for county purposes or

educational purposes to the cities and the area in the county outside

the cities, the county of Oswego shall reduce the amount otherwise

required to be allocated to such city under subdivision (c) of section

twelve hundred sixty-two of this article by one-third of such amount for

each one-half percent that such city's tax rate exceeds one and one-half

percent.

(b) Where a city in the county of Oswego exercises its prior right to

impose all of the taxes described in article twenty-eight of this

chapter as authorized by subdivision (a) of section twelve hundred ten

or section twelve hundred eleven of this article at a rate greater than

one and one-half percent and the county imposes such taxes at a rate

greater than one and one-half percent, the county's additional rate on

the area of the county outside such city described in subdivision (d) of

section twelve hundred sixty-two of this article shall be deemed to be

one and one-half percent and the portion of net collections that such

county would otherwise be required to allocate under subdivision (d) of

section twelve hundred sixty-two of this article by reason of such

deemed additional rate shall be reduced by one-third for each one-half

percent that such city's tax rate exceeds one and one-half percent. Such

portion shall be allocated quarterly to the several cities and towns in

such area on the basis of the ratio that the population of each city or

town bears to the entire population of all of the cities and towns in

such area, such populations as determined in accordance with subdivision

(c) of section twelve hundred sixty-two of this article.

(c) Where any village in the county of Oswego has elected to be paid

directly as provided in subdivision (c) or (d) of section twelve hundred

sixty-two of this article, the amount to be paid to such village shall

be determined by the ratio that the population of such village or

portion thereof within the town in which such village is located bears

to the entire population of such town, such population as determined in

accordance with such subdivision (c).

(d) Subdivisions (a) and (b) of this section shall apply only with

respect to taxes imposed at a rate not to exceed three percent by the

county of Oswego and by any city in such county and without regard to

any additional rate of tax that such county or any such city may be

authorized to or does impose.