Legislation
SECTION 1262-I
Allocation of net collections from the additional one percent rate of sales and compensating use taxes in the county of Tioga
Tax (TAX) CHAPTER 60, ARTICLE 29, PART 4
§ 1262-i. Allocation of net collections from the additional one
percent rate of sales and compensating use taxes in the county of Tioga.
Notwithstanding any contrary provision of law, one-half of the net
collections received by the county of Tioga from the one percent sales
and compensating use taxes in addition to the three percent rate, each
as authorized by section twelve hundred ten of this article, shall be
deposited in the general fund of such county and one-half of such
collections shall be deposited by the county of Tioga in a capital
reserves fund. Disbursements from such capital reserves fund shall
solely be made for the purposes of capital projects and repaying any
debts incurred for such capital projects in the county of Tioga.
percent rate of sales and compensating use taxes in the county of Tioga.
Notwithstanding any contrary provision of law, one-half of the net
collections received by the county of Tioga from the one percent sales
and compensating use taxes in addition to the three percent rate, each
as authorized by section twelve hundred ten of this article, shall be
deposited in the general fund of such county and one-half of such
collections shall be deposited by the county of Tioga in a capital
reserves fund. Disbursements from such capital reserves fund shall
solely be made for the purposes of capital projects and repaying any
debts incurred for such capital projects in the county of Tioga.