The Nassau New York Tax Sharing and Disaffiliation Agreement is a legal agreement that outlines the terms and conditions related to tax sharing and disaffiliation between different entities within Nassau County, New York. This agreement aims to establish a fair and effective system for sharing tax revenues and distributing tax liabilities among the involved parties. The primary objective of the Nassau New York Tax Sharing and Disaffiliation Agreement is to ensure transparency and promote cooperation among entities within the county. It provides guidelines for the allocation of tax revenues and helps prevent any potential conflicts or disputes that may arise from taxation matters. This agreement typically includes provisions concerning the calculation and distribution of various types of taxes, such as property taxes, sales taxes, income taxes, and business taxes. It details the specific formulas or methods to be used in determining each entity's share of tax revenues based on factors like population, assessed property values, or other relevant metrics. The Nassau New York Tax Sharing and Disaffiliation Agreement may also address the disaffiliation aspect, determining the circumstances and procedures under which an entity may disaffiliate, or separate, from the tax-sharing arrangement. This could be due to a change in entity status, termination of operations, or other specific scenarios outlined in the agreement. It's essential to note that while the overall purpose and key components of the Nassau New York Tax Sharing and Disaffiliation Agreement remain consistent, there might be different variations or specific types of agreements tailored to unique situations or jurisdictions within Nassau County. Some examples of these variations may include agreements between municipalities, school districts, or other local government entities. In summary, the Nassau New York Tax Sharing and Disaffiliation Agreement is a comprehensive agreement that governs the sharing, allocation, and disaffiliation of tax revenue among different entities within Nassau County, New York. It establishes a fair and transparent framework for distributing tax liabilities and promoting cooperation between parties involved.