WHEREAS, Articles 28 and 29 of the Tax Law of the State of New York authorize municipalities to impose certain taxes on retail sales and other similar transactions and compensating use taxes; and

WHEREAS, there have been negotiations between Ulster County and the City of Kingston regarding an agreement pertaining to sales tax distribution; and

WHEREAS, there is currently a sales tax agreement between Ulster County and the City of Kingston with an effective date of March 1, 2016, and which expires on February 28, 2021 and; and

WHEREAS, an agreement for the term March 1, 2021 through February 28, 2026 has been proposed and is attached hereto as Exhibit A and incorporated herein by reference; and

WHEREAS, the proposed agreement is subject to the final approval of the New York State Comptroller; now, therefore, be it

RESOLVED, that the Ulster County Legislature hereby approves the agreement between the County of Ulster and the City of Kingston providing for the distribution and allocation of sales tax to the municipalities for a term of five years, commencing March 1, 2021 and ending February 28, 2026, in the form attached hereto as Exhibit A and incorporated herein by reference, or as modified with the approval of the County Attorney; and, be it further

RESOLVED, that upon receipt of net sales tax collections by the County, the Ulster County Commissioner of Finance shall within seven (7) business days, allocate and disburse to the City of Kingston its proportionate share of sales tax; and, be it further

RESOLVED, that in accordance with Section 1262 (c) of New York State Tax Law, the Ulster County Commissioner of Finance shall allocate and disburse to the towns within Ulster County their proportionate share of sales tax on a quarterly basis; and, be it further

RESOLVED, that the Chair of the Ulster County Legislature is hereby authorized and directed to execute the above-mentioned agreement and any other documents necessary for implementation on behalf of Ulster County,

and move its adoption.

ADOPTED BY THE FOLLOWING VOTE:

AYES:                        NOES:         

Passed Committee: Ways and Means on ­­­­­­­­­­­­­­­­­­­­­­­­­­­_________________.

FINANCIAL IMPACT:

$  18,641,406 – 2020 BUDGETED SALES TAX FOR CITY AND TOWNS

$ 109,920,017– 2020 BUDGETED SALES TAX FOR COUNTY