[Adopted 12-4-1985 by L.L. No. 3-1985]
This article is enacted to provide for the disposition
of revenues from taxes imposed by the County of Erie in that said
amounts are to be paid directly to the Town of Wales to be used for
any Town purpose.
Section 1262 of the Tax Law authorizes counties
to set aside a portion of their sales tax revenue for cities and towns.
Pursuant to this section, the Town of Wales is providing that the
amounts paid to the Town, as a portion of the sales tax revenue, shall
be paid directly to the Town of Wales to be used for any Town purpose.
This article will affect sales tax revenue which
was set aside by the County of Erie for the Town of Wales pursuant
to law.
