LegalFix
Sign 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.

NY Tax L § 1262-T (2019) (N/A)
Copy with citation
Copy as parenthetical citation

* § 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* NB Repealed November 30, 2020

Previous Section
1262-S - Disposition of Net Collections From the Additional One-Quarter of One Percent Rate of Sales and Compensating Use Taxes in the County of Herkimer.
Next Section
1262-U - Allocation and Distribution of Certain Net Collections in Genesee County.