This bill authorizes Jefferson County to add a 1% sales tax on top of its existing 3% sales tax rate. It directly affects residents and businesses in Jefferson County by increasing the total sales tax rate for purchases made within the county. The additional tax will be in effect from December 1, 2025, through November 30, 2027. The bill amends existing tax law to extend this authorization period beyond the previous 2025 expiration date.
Relates to Warren county no longer providing community colleges funding with excess funds from the collection of mortgage recording taxes as such money is allocated to the CDTA; extends the effectiveness of provisions relating to an additional Warren county mortgage recording tax to December 1, 2027.
Bill A8568 limits annual increases in property tax base proportions for Nassau and Suffolk counties. For Nassau County, local approval is required to cap annual increases at 1% per year; Suffolk County gets a 2% cap for most years but a 1% cap specifically for the 2025-2026 tax year. If calculations would exceed these limits, local governments must adjust other tax classes to ensure total base proportions equal 100%. The law applies to tax levies based on the 2025 assessment rolls in these counties.
Authorizes the town of Fishkill to adopt a local law to impose a hotel/motel occupancy tax for hotels not located in the village of Fishkill; authorizes the village of Fishkill to adopt local laws to impose a hotel/motel occupancy tax in such village; provides for the repeal of such provisions upon expiration thereof.
Relates to hotel and motel taxes in Saratoga county and the city of Saratoga Springs; increases the allowable amount of tax imposed by the county; removes exemptions for properties having less than 4 units; relates to the disposition of tax revenues collected; eliminates an advisory committee.
S 7780 would allow cities with a population of over one million to grant mutual redevelopment companies an additional 50 years of tax exemption, following the initial maximum period. The exemption requires that the company pays at least 5% of annual rent (minus utilities) for residential units or the taxes paid during 2000-2001, whichever is lower. This applies only to companies already operating under the existing tax exemption framework in large cities.
This bill extends Newburgh's existing authority to collect a hotel and motel tax for two additional years, moving the expiration date from 2025 to 2027. It directly affects hotels and motels operating within Newburgh, as well as the town's ability to generate revenue from this tax. The key change is updating the expiration date in the tax law to ensure the tax remains in place through 2027. The bill makes a technical adjustment to the existing law without altering the tax rate or scope of the levy.
S 8297 limits annual increases in property tax base proportions for Nassau and Suffolk counties to prevent sudden tax hikes. For Nassau County, the increase for any tax class cannot exceed 1% annually, but only if local officials pass a specific law approving this cap. Suffolk County has a 2% annual cap for most years, but must use a 1% cap for the 2025-2026 tax period. If calculations would exceed these limits, county legislatures must adjust other tax classes to ensure the total base proportions remain at 100%.
