New York Tax Law Section 1262-T - City of Yonkers - disposition of net collections from the additional one-half of one percent rate of sales and compensating use taxes in the city of Yonkers.

*   1262-t. City of Yonkers - disposition of net collections from the
  additional one-half of one percent rate of sales  and  compensating  use
  taxes  in  the  city of Yonkers. Notwithstanding any provision of law to
  the contrary, if the city of Yonkers imposes the additional one-half  of
  one  percent rate of sales and compensating use taxes authorized by item
  (b) of clause one of subparagraph  (ii)  of  the  opening  paragraph  of
  section  twelve  hundred ten of this article, the city shall use the net
  collections from such additional one-half of one percent rate solely for
  the support of education, unless the city council votes,  on  an  annual
  basis,  to use such net collections for a different purpose of the city,
  provided, however, that the requirements of paragraph b  of  subdivision
  five-b of section two thousand five hundred seventy-six of the education
  law are met.
* NB Repealed November 30, 2020

Last modified: February 3, 2019