N.Y. General City Model 772/66 § 62: Additional tax on transportation corporations and associations

§ 62. Additional tax on transportation corporations and associations.

Every corporation, joint-stock company or association formed for or

principally engaged in the conduct of aviation, steamboat, ferry (except

a ferry company operating between any of the boroughs of the city under

a lease granted by the city), or navigation business or formed for or

principally engaged in the conduct of two or more of such businesses,

except a corporation, joint-stock company or association subject to

taxation under a local law of the city, imposed on utilities and vendors

of utility services, shall pay for the privilege of carrying on its

business in the city, a tax which shall be equal to five-tenths of one

per centum upon its gross earnings from all sources within the city,

excluding earnings derived from business of a character other than

wholly intra-city. Provided, however, gross earnings from transportation

business both originating and terminating within the city and traversing

both the city and any other city, any state or states or any country

shall be subject to the tax imposed by this section and such earnings

shall be allocated to the city in the same ratio that the mileage within

the city bears to the total mileage of such business.