N.Y. Tax Law § 1262-o: Disposition of net collections from the additional rate of sales and compensating use taxes in the county of Chautauqua

§ 1262-o. Disposition of net collections from the additional rate of

sales and compensating use taxes in the county of Chautauqua.

Notwithstanding any contrary provision of law, if the county of

Chautauqua imposes the additional one and one-quarter percent rate of

sales and compensating use taxes authorized by section twelve hundred

ten of this article for all or any portion of the period beginning March

first, two thousand five and ending August thirty-first, two thousand

six, the additional one percent rate authorized by such section for all

or any of the period beginning September first, two thousand six and

ending November thirtieth, two thousand seven, the additional

three-quarters of one percent rate authorized by such section for all or

any of the period beginning December first, two thousand seven and

ending November thirtieth, two thousand ten, the county shall allocate

one-fifth of the net collections from the additional three-quarters of

one percent to the cities, towns and villages in the county on the basis

of their respective populations, determined in accordance with the

latest decennial federal census or special population census taken

pursuant to section twenty of the general municipal law completed and

published prior to the end of the quarter for which the allocation is

made, and allocate the remainder of the net collections from the

additional three-quarters of one percent as follows: (1) to pay the

county's expenses for Medicaid and other expenses required by law; (2)

to pay for local road and bridge projects; (3) for the purposes of

capital projects and repaying any debts incurred for such capital

projects in the county of Chautauqua that are not otherwise paid for by

revenue received from the mortgage recording tax; and (4) for deposit

into a reserve fund for bonded indebtedness established pursuant to the

general municipal law. Notwithstanding any contrary provision of law, if

the county of Chautauqua imposes the additional one-half percent rate of

sales and compensating use taxes authorized by such section twelve

hundred ten for all or any of the period beginning December first, two

thousand ten and ending November thirtieth, two thousand fifteen, the

county shall allocate three-tenths of the net collections from the

additional one-half of one percent to the cities, towns and villages in

the county on the basis of their respective populations, determined in

accordance with the latest decennial federal census or special

population census taken pursuant to section twenty of the general

municipal law completed and published prior to the end of the quarter

for which the allocation is made, and allocate the remainder of the net

collections from the additional one-half of one percent as follows: (1)

to pay the county's expenses for Medicaid and other expenses required by

law; (2) to pay for local road and bridge projects; (3) for the purposes

of capital projects and repaying any debts incurred for such capital

projects in the county of Chautauqua that are not otherwise paid for by

revenue received from the mortgage recording tax; and (4) for deposit

into a reserve fund for bonded indebtedness established pursuant to the

general municipal law. Notwithstanding any contrary provision of law, if

the county of Chautauqua imposes the additional one percent rate of

sales and compensating use taxes authorized by such section twelve

hundred ten for all or any of the period beginning December first, two

thousand fifteen and ending November thirtieth, two thousand

twenty-seven, the county shall allocate three-twentieths of the net

collections from the additional one percent to the cities, towns and

villages in the county on the basis of their respective populations,

determined in accordance with the latest decennial federal census or

special population census taken pursuant to section twenty of the

general municipal law completed and published prior to the end of the

quarter for which the allocation is made, and allocate the remainder of

the net collections from the additional one percent as follows: (1) to

pay the county's expenses for Medicaid and other expenses required by

law; (2) to pay for local road and bridge projects; (3) for the purposes

of capital projects and repaying any debts incurred for such capital

projects in the county of Chautauqua that are not otherwise paid for by

revenue received from the mortgage recording tax; and (4) for deposit

into a reserve fund for bonded indebtedness established pursuant to the

general municipal law. The net collections from the additional rates

imposed pursuant to this section shall be deposited in a special fund to

be created by such county separate and apart from any other funds and

accounts of the county to be used for purposes above described.