Section 1262-H. Allocation and distribution of net collections from the additional one percent rate of sales and compensating use taxes in Steuben county  


Latest version.
  • Notwithstanding any provision of law to the contrary, of  the net collections received by the county of Steuben as a result of the
      imposition  of  the  additional  one  percent  rate of tax authorized by
      section twelve hundred  ten  of  this  article  (a)  during  the  period
      beginning  December  first,  nineteen  hundred  ninety-three  and ending
      November thirtieth, nineteen hundred ninety-four, the county of  Steuben
      shall  pay  or  cause  to  be paid to the city of Hornell the sum of two
      hundred thousand dollars, to the  city  of  Corning  the  sum  of  three
      hundred  thousand  dollars, and the sum of five hundred thousand dollars
      to the towns and villages of the county of Steuben, on the basis of  the
      ratio  which the full valuation of real property in each town or village
      bears to the aggregate full valuation of real property  in  all  of  the
      towns  and villages in such area. Of the net collections received by the
      county of Steuben as a result of the imposition of said  additional  one
      percent  rate  of  tax  authorized by section twelve hundred ten of this
      article during the period beginning  December  first,  nineteen  hundred
      ninety-four and ending November thirtieth, nineteen hundred ninety-five,
      the  county  of  Steuben  shall  pay  or cause to be paid to the city of
      Hornell the sum of three  hundred  thousand  dollars,  to  the  city  of
      Corning  the  sum of four hundred fifty thousand dollars, and the sum of
      seven hundred fifty thousand dollars to the towns and  villages  of  the
      county of Steuben, on the basis of the ratio which the full valuation of
      real  property  in  each  town  or  village  bears to the aggregate full
      valuation of real property in all of the  towns  and  villages  in  such
      area;  and  (b)  during  the  period  beginning December first, nineteen
      hundred ninety-five and ending November thirtieth, two  thousand  seven,
      the county of Steuben shall annually pay or cause to be paid to the city
      of  Hornell  the sum of five hundred fifty thousand dollars, to the city
      of Corning the sum of six hundred thousand dollars, and the sum of seven
      hundred fifty thousand dollars to the towns and villages of  the  county
      of  Steuben,  on the basis of the ratio which the full valuation of real
      property in each town or village bears to the aggregate  full  valuation
      of  real  property  in  all  of the towns and villages in such area; and
      during the period beginning  December  first,  two  thousand  seven  and
      ending  November  thirtieth,  two  thousand  nine, the county of Steuben
      shall annually pay or cause to be paid to the city of Hornell the sum of
      six hundred ten thousand dollars, to the city of Corning the sum of  six
      hundred  fifty  thousand  dollars,  and  the  sum of seven hundred fifty
      thousand dollars to the towns and villages of the county of Steuben,  on
      the basis of the ratio which the full valuation of real property in each
      town  or  village bears to the aggregate full valuation of real property
      in all of the towns and villages in such area;  and  during  the  period
      beginning   December  first,  two  thousand  nine  and  ending  November
      thirtieth, two thousand eleven, the county of Steuben shall annually pay
      or cause to be paid to the city of Hornell the sum of seven hundred  ten
      thousand  dollars,  to  the city of Corning the sum of seven hundred ten
      thousand dollars, and the sum of seven hundred fifty thousand dollars to
      the towns and villages of the county of Steuben, on  the  basis  of  the
      ratio  which the full valuation of real property in each town or village
      bears to the aggregate full valuation of real property  in  all  of  the
      towns and villages in such area.