N.Y. Tax Law § 1262-t: City of Yonkers - disposition of net collections from the additional one-half of one percent rate of sales and compensating use taxes in ...

* § 1262-t. City of Yonkers - disposition of net collections from the

additional one-half of one percent rate of sales and compensating use

taxes in the city of Yonkers. Notwithstanding any provision of law to

the contrary, if the city of Yonkers imposes the additional one-half of

one percent rate of sales and compensating use taxes authorized by item

(b) of clause one of subparagraph (ii) of the opening paragraph of

section twelve hundred ten of this article, the city shall use the net

collections from such additional one-half of one percent rate solely for

the support of education, unless the city council votes, on an annual

basis, to use such net collections for a different purpose of the city,

provided, however, that the requirements of paragraph b of subdivision

five-b of section two thousand five hundred seventy-six of the education

law are met.

* NB Repealed November 30, 2027