He said it's another hit for the local governments, which are also seeing
lower sales tax collections in general, according to a recent report by the state comptroller.
Local sales tax collections across New York State only grew 1.7 % in the first 6 months of 2016, according to a report released today by State Comptroller Tom DiNapoli.
Local
sales tax collections across New York grew 3.3 % in the first 6 months of 2017, according to a report released today by State Comptroller Tom DiNapoli.
When the final figures came out
in sales tax collections across New York in 2017, there was good news for county governments in Western New York and for some cities.
Others include a $ 120 safety inspection fee for private for - profit car services and passenger carriers; a broader tax on e-cigarette and vaping products at the distributor level; a surcharge on opioid prescriptions; an incentive for vending machines to go cashless and an extension
of sales tax collections on online sales.
New York State Comptroller Thomas DiNapoli announced this week that overall local
sales tax collections for calendar year 2017.
A proposal by Cuomo to
expand sales tax collections on online purchases is not expected to be part of a state budget agreement, according to state Sen. Phil Boyle and other legislative officials.
Cuomo also wants to «modernize» state
sales tax collections by requiring online marketplaces like eBay and Amazon to collect sales taxes on any transaction involving a buyer from New York.
Committed users can pay for more complex training, where they learn revenue - building tricks like generating cash back, using gift cards and
optimizing sales tax collection.
At the same time, the amount projected to be collected in sales taxes has been revised upward by $ 10 million - a positive sign but is still largely flat in an
annual sales tax collection of $ 4.22 billion.
If the state's
sales tax collections flattened or shrank, the Upstate transit authorities like Centro would get the same amount from the state as the previous year, according to the proposal.
To raise revenues, Cuomo proposed requiring
extending sales tax collections on online sales, imposing a surcharge on certain health insurers who received a windfall from federal tax cuts, tapping hundreds of millions of dollars in proceeds from lawsuit settlements and raising taxes «e-cigarettes» and taxing opioids (2 cents per milligram prescribed to go to anti-addiction programs).
And while increased gas prices have a direct effect on local
sales tax collections according to the state comptroller, Mahoney said that dovetails with investments the county has made to promote tourism.
At 11 a.m., Sen. Liz Krueger holds a forum on
modernizing sales tax collection in New York state, Legislative Office Building, Hearing Room A, 198 State St., Albany.
«Should
sales tax collections not rebound as forecast, annual growth would be lower than any year since the recession,» DiNapoli said in a report.
ST. ARMAND An audit by the state Comptroller's Office has knocked the Town of St. Armand for «significant deficiencies» within the town's accounting records across a wide swath of municipal operations,
including sales tax collection and the monitoring of capital projects.
The
total sales tax collections through the end of June, the first half the calendar year, totaled $ 8 billion, up from $ 7.8 billion the same time last year.
Suffolk was among the state's counties with a decline of «between 35 percent and 40 percent» in «motor
fuels sales tax collections» during this period.
It's titled: «Local
Sales Tax Collections Slow in First Half of 2016, Decline in Motor Fuels Price a Continuing Drag on Sales Tax Growth.»
But Spencer said that even before any blowback occurred, he had already started thinking that the fee increase might not be necessary
because sales tax collections have been better than projected.
While North
Country sales tax collection receipts are robust — the first half of the year's growth of 4.5 percent surpassed the statewide average of 3.3 percent — the state's most recent monthly cash report revealed tax revenues are $ 387 million below projections.
Conners said other trends, like fewer new households, as well as uncertainty in big ticket items like healthcare reform on the federal level, could also impact spending and
therefore sales tax collection.
For its part, Amazon has faced issues
with sales tax collection to the point that many states began calling their litigation attempts the Amazon Tax.
Traditional retailers could further
erode sales tax collections by restructuring their businesses to get around the issue in the same way that Internet retailers do.
The Cuomo administration's crackdown on
sales tax collection for Indian - sold cigarettes is backfiring, leading to a boost in sales of Indian - made cigarettes, which — so far — are not taxed.
All of us in government know what the driving issue behind all this is; the towns gaining a fairer share
of sales tax collection.
A proposal by Gov. Andrew M. Cuomo to
expand sales tax collections on online purchases is not expected to be part of a state budget agreement, according to state Sen. Phil Boyle (R - Bay Shore) and other legislative officials.
He says it's another hit for the local governments, which are also seeing
lower sales tax collections in general, according to a recent report by the State Comptroller.
While local
sales tax collections across the state are increasing, five Southern Tier counties in upstate New York saw the sharpest decline.
LAKE PLEASANT —
Local sales tax collections across the state have taken a beating during the first six months of 2016, according to the state comptroller's office.
«The positive growth last year in
sales tax collections are a good sign for the economy, but continued caution is warranted,» DiNapoli said.
Nearly all counties across upstate New York are seeing modest if not robust growth in
sales tax collections this year, according to the latest data.
The Proposed Budget also notes an increase in
sales tax collections, which are currently 2 % above 2017 budget expectations; in 2018, the Proposed Budget estimates sales tax revenue growth of 1.75 % over projected 2017 sales tax collections.
The Executive Budget would impose
this sales tax collection mandate on marketplace providers that facilitate more than $ 100 million in sales in a calendar year.
The financial foundation of Oneida County continues to strengthen thanks to a steady and increasing stream of revenue from the Oneida Nation's gaming earnings and
sales tax collection.
Counties across New York are concerned over reports that
sales tax collections are plummeting, and are asking Governor Andrew Cuomo's tax department for an explanation.
The New York State Association of Counties, dismayed over a report by the State Comptroller that
sales tax collections have slowed to half of what they were last year, are asking Governor Andrew Cuomo's tax department for more information, said the group's Executive Director, Stephen Acquario.
Phrases with «sale tax collections»