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NY S07857
Bill
Status
1/12/2022
Primary Sponsor
James Skoufis
Click for details
AI Summary
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Commissioner of Taxation and Finance must study the frequency of residents being assessed library taxes for more than one public or association library, in consultation with the Commissioner of Education and library officials.
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Study must estimate the number of affected residents, the amount of library taxes they pay to each library, and the economic impact on libraries if double taxation is prohibited.
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Study must include recommendations for minimizing revenue loss to public and association libraries from prohibiting residents from being assessed library taxes for multiple libraries.
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Commissioner must submit a report to the Governor, Senate President, and Assembly Speaker one year after the act's effective date.
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Act takes effect immediately and expires January 31, 2024.
Legislative Description
Directs the commissioner of taxation and finance to study the frequency of residents who are being assessed library taxes for more than one library and to make recommendations to address the double taxation of residents; provides for the repeal of such provisions upon expiration thereof.
Last Action
SUBSTITUTED BY A9448A
6/1/2022