Extends the authorization for the city of New Rochelle to impose an additional sales and compensating use tax until December 31, 2027.

The bill amends the tax law to extend the authorization for the city of New Rochelle to impose an additional sales and compensating use tax. This authorization, which was initially set to expire on December 31, 2025, will now continue until December 31, 2027. The tax rate remains at one percent additional to the three percent rate authorized for the city. This change affects residents and businesses within the city of New Rochelle, providing them with a continued source of revenue for local government. The bill takes effect immediately upon enactment.

Extends the authorization for the city of New Rochelle to impose an additional sales and compensating use tax until December 31, 2027.

The bill amends the tax law to extend the authorization for the city of New Rochelle to impose an additional sales and compensating use tax. This authorization, which was initially set to expire on December 31, 2025, will now continue until December 31, 2027. The tax rate remains at one percent additional to the three percent rate authorized for the city. This change affects residents and businesses within the city of New Rochelle, providing them with a continued source of revenue for local government. The bill takes effect immediately upon enactment.