Section 1262-J. Allocation and distribution of net collections from the additional sales and compensating use taxes in Suffolk county  


Latest version.
  • (a)  Notwithstanding  any  provision  of  law  to  the  contrary,  of the net
      collections received by the  county  of  Suffolk  as  a  result  of  the
      imposition of up to the additional one percent rate of tax authorized by
      section  twelve  hundred ten of this chapter during the period beginning
      January  first,  nineteen  hundred  ninety-four  and   ending   December
      thirty-first,  nineteen hundred ninety-five, the county of Suffolk shall
      allocate  such  net  collections  as  follows:  one-eighth  of  the  net
      collections  received  shall be dedicated for public safety purposes; an
      appropriate amount shall be used to bring the maximum funds dedicated to
      the sewer stabilization fund to twelve  million  five  hundred  thousand
      dollars  annually;  and,  the  balance shall be deposited in the general
      fund of the county of Suffolk.
        (b) Notwithstanding any provision of law to the contrary, of  the  net
      collections  received  by  the  county  of  Suffolk  as  a result of the
      increase of three-quarters of one  percent  to  the  tax  authorized  by
      section  twelve  hundred  ten  of  this article for the period beginning
      January first, nineteen hundred ninety-six and ending May  thirty-first,
      two  thousand  one,  imposed  by  local  laws  or resolutions (by simple
      majority) by the county legislature, and signed by the county executive,
      the county of Suffolk shall allocate such net collections as follows: an
      amount equal to no less than one-eighth and no more than one-quarter  of
      net  collections  which  would be received from the imposition of a full
      one percent rate increase, shall be dedicated for public safety purposes
      and the balance shall be deposited in the general fund of the county  of
      Suffolk.
        (c)  Notwithstanding  any provision of law to the contrary, of the net
      collections received by the  county  of  Suffolk  as  a  result  of  the
      increase  of one percent to the tax authorized by section twelve hundred
      ten of this article for the period beginning June  first,  two  thousand
      one and ending November thirtieth, two thousand eleven, imposed by local
      laws  or resolutions (by simple majority) by the county legislature, and
      signed by the county executive, the county  of  Suffolk  shall  allocate
      such  net  collections  as  follows: no less than one-eighth and no more
      than three-eighths of such net collections received shall  be  dedicated
      for  public  safety  purposes  and the balance shall be deposited in the
      general fund of the county of Suffolk.