Summary of Bill S 434

Bill Information

• Bill Number: S 434
• Title: Extends certain provisions relating to additional sales tax imposed by the city of Yonkers
• Status: Substituted by A5323
• Introduced: January 08, 2025
• Classification: Bill

Purpose and Intent

Bill S 434 aims to extend specific provisions concerning the additional sales tax that is imposed by the city of Yonkers. The intent behind this legislation is to ensure that the city continues to have the authority to levy this additional sales tax, which is critical for funding local services and infrastructure.

Key Provisions

• Extension of Sales Tax Provisions: The bill seeks to prolong the existing provisions that allow Yonkers to impose an additional sales tax beyond the standard state sales tax rate.
• Duration of Extension: While the specific duration of the extension is not detailed in the provided information, such bills typically outline a new expiration date for the tax provisions.
• Compliance with State Regulations: The bill would ensure that the additional sales tax remains compliant with state laws and regulations governing local taxation.

Affected Parties

• City of Yonkers: The primary beneficiary of this bill is the city of Yonkers, which relies on the additional sales tax revenue to support various public services, including education, public safety, and infrastructure maintenance.
• Residents and Businesses: Local residents and businesses in Yonkers will be impacted by the continuation of the additional sales tax, as it may affect the overall cost of goods and services in the area.

Legislative Timeline

• January 08, 2025: Bill S 434 was introduced and referred to the Committee on Investigations and Government Operations.
• April 29, 2025: The bill was placed on the first report calendar.
• April 30, 2025: It advanced to the second report calendar.
• May 01, 2025: The bill was advanced to a third reading.
• May 27, 2025: Bill S 434 was substituted by A5323, indicating that the provisions of S 434 may have been incorporated into the companion bill for further consideration.

Related Bills

• S 6821: A prior-session bill that may have addressed similar issues regarding sales tax in Yonkers.
• A 5323: The companion bill that has substituted S 434, likely containing similar or expanded provisions regarding the sales tax.

This summary provides an overview of Bill S 434, highlighting its purpose, key provisions, and the impact on the city of Yonkers and its residents. The substitution by A5323 indicates ongoing legislative efforts to address the sales tax issue effectively.