1262-Q - Erie county-disposition of net collections from the one percent rate of sales and compensating use taxes in excess of three percent.
§ 1262-q. Erie county-disposition of net collections from the one percent rate of sales and compensating use taxes in excess of three percent. Notwithstanding any provision of law to the contrary, if the county of Erie imposes the additional one percent rate of sales and compensating use taxes authorized by section twelve hundred ten of this article during the period beginning January first, two thousand seven, or thereafter, the county shall allocate each calendar year the first twelve million five hundred thousand dollars of the net collections from such one percent rate to the cities of such county and the area in such county outside its cities to be applied or distributed in the same manner and proportion as the net collections for such cities and area are applied or distributed under the revenue distribution agreement entered into pursuant to the authority of subdivision (c) of section twelve hundred sixty-two of this part in effect on January first, two thousand six, and subject to all provisions of such agreement governing the net collections for such cities and area and shall retain the remainder of such net collections for any county purpose.