N.Y. Tax Law Section 1262-K
Allocation and distribution of net collections in Oswego county


Notwithstanding the contrary provisions of subdivision (c) or (d) of § 1262 (Disposition of revenues from taxes imposed by cities under one million, counties and school districts)section twelve hundred sixty-two of this article:

(a)

Where a city in the county of Oswego exercises its prior right to impose all of the taxes described in article 28 (Sales and Compensating Use Taxes)article twenty-eight of this chapter as authorized by subdivision (a) of section twelve hundred ten or section twelve hundred eleven of this article at a rate greater than one and one-half percent, and the county of Oswego also imposes such taxes and allocates amounts not set aside for county purposes or educational purposes to the cities and the area in the county outside the cities, the county of Oswego shall reduce the amount otherwise required to be allocated to such city under subdivision (c) of § 1262 (Disposition of revenues from taxes imposed by cities under one million, counties and school districts)section twelve hundred sixty-two of this article by one-third of such amount for each one-half percent that such city’s tax rate exceeds one and one-half percent.

(b)

Where a city in the county of Oswego exercises its prior right to impose all of the taxes described in article 28 (Sales and Compensating Use Taxes)article twenty-eight of this chapter as authorized by subdivision (a) of section twelve hundred ten or section twelve hundred eleven of this article at a rate greater than one and one-half percent and the county imposes such taxes at a rate greater than one and one-half percent, the county’s additional rate on the area of the county outside such city described in subdivision (d) of § 1262 (Disposition of revenues from taxes imposed by cities under one million, counties and school districts)section twelve hundred sixty-two of this article shall be deemed to be one and one-half percent and the portion of net collections that such county would otherwise be required to allocate under subdivision (d) of § 1262 (Disposition of revenues from taxes imposed by cities under one million, counties and school districts)section twelve hundred sixty-two of this article by reason of such deemed additional rate shall be reduced by one-third for each one-half percent that such city’s tax rate exceeds one and one-half percent. Such portion shall be allocated quarterly to the several cities and towns in such area on the basis of the ratio that the population of each city or town bears to the entire population of all of the cities and towns in such area, such populations as determined in accordance with subdivision (c) of § 1262 (Disposition of revenues from taxes imposed by cities under one million, counties and school districts)section twelve hundred sixty-two of this article.

(c)

Where any village in the county of Oswego has elected to be paid directly as provided in subdivision (c) or (d) of § 1262 (Disposition of revenues from taxes imposed by cities under one million, counties and school districts)section twelve hundred sixty-two of this article, the amount to be paid to such village shall be determined by the ratio that the population of such village or portion thereof within the town in which such village is located bears to the entire population of such town, such population as determined in accordance with such subdivision (c).

(d)

Subdivisions (a) and (b) of this section shall apply only with respect to taxes imposed at a rate not to exceed three percent by the county of Oswego and by any city in such county and without regard to any additional rate of tax that such county or any such city may be authorized to or does impose.

Source: Section 1262-K — Allocation and distribution of net collections in Oswego county, https://www.­nysenate.­gov/legislation/laws/TAX/1262-K (updated Sep. 22, 2014; accessed Dec. 21, 2024).

1260
Revenues resulting from taxes administered by cities over one million
1261
Revenues resulting from taxes administered by the commissioner
1261‑A
Revenues from certain taxes imposed by Washington and Warren counties
1262
Disposition of revenues from taxes imposed by cities under one million, counties and school districts
1262‑A
Sales tax
1262‑B
The Westchester county property tax stabilization and relief act
1262‑C
Allocation of revenue from sales and use taxes to villages wholly or partially contained within Broome county
1262‑D
Allocation and distribution of revenues from sales and use taxes to villages within the county of Albany
1262‑E
Establishment of local government assistance programs in Nassau county
1262‑F
Allocation and distribution of revenues from sales and use taxes within the village of Barker and town of Somerset, Niagara county
1262‑G
The Monroe county sales tax adjustment act
1262‑G*2
Oneida county allocation and distribution of net collections from the additional one percent rate of sales and compensating use taxes
1262‑H
Allocation and distribution of net collections from the additional one percent rate of sales and compensating use taxes in Steuben county
1262‑I
Allocation of net collections from the additional one percent rate of sales and compensating use taxes in the county of Tioga
1262‑J
Allocation and distribution of net collections from the additional sales and compensating use taxes in Suffolk county
1262‑K
Allocation and distribution of net collections in Oswego county
1262‑L
’s
1262‑L*2
Allocation and distribution of certain net collections in Warren county
1262‑M
Allocation of net collections from the additional one percent rate of sales and compensating use taxes in the county of Chenango
1262‑M*2
Allocation and distribution of net collections in Saratoga county
1262‑N
Disposition of net collections from the additional one percent rate of sales and compensating use taxes in the county of Niagara
1262‑O
Disposition of net collections from the additional rate of sales and compensating use taxes in the county of Chautauqua
1262‑P
Disposition of net collections from the additional one percent rate of sales and compensating use taxes in the county of Livingston
1262‑Q
Erie county-disposition of net collections from the one percent and the three-quarters of one percent rates of sales and compensating use...
1262‑R
Allocation and distribution of certain net collections in the county of Oswego
1262‑R*2
Disposition of net collections from sales and compensating use taxes imposed by the county of Ontario
1262‑S
Disposition of net collections from the additional one-quarter of one percent rate of sales and compensating use taxes in the county of H...
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 ...
1262‑U
Allocation and distribution of certain net collections in Genesee county
1262‑V
Allocation of net collections from the additional one percent rate of sales and compensating use taxes in the county of St
1263
Deposit of funds and use of funds not having assigned purposes
1264
References to certain taxes or revenues from certain taxes administered by the commissioner

Accessed:
Dec. 21, 2024

Last modified:
Sep. 22, 2014

§ 1262-K’s source at nysenate​.gov

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