Extends Oneida county's authority to impose additional sales and compensating use taxes and allocate net collections.

This bill amends the tax law to extend Oneida county's authority to impose additional rates of sales and compensating use taxes. It allows the county to impose a one percent additional rate on sales and compensating use taxes. The bill also provides for the allocation and distribution of net collections from these additional tax rates. Specifically, it mandates that half of the net collections from the additional one percent tax rate be allocated to cities within the county that impose the tax, while the other half is distributed among the towns of the county based on population.

Extends Oneida county's authority to impose additional sales and compensating use taxes and allocate net collections.

This bill amends the tax law to extend Oneida county's authority to impose additional rates of sales and compensating use taxes. It allows the county to impose a one percent additional rate on sales and compensating use taxes. The bill also provides for the allocation and distribution of net collections from these additional tax rates. Specifically, it mandates that half of the net collections from the additional one percent tax rate be allocated to cities within the county that impose the tax, while the other half is distributed among the towns of the county based on population.