N.Y.C. Admin. Code § L.L. 1986/078: L.L. 1986/078

Enactment date: 12/22/1986

Int. No. 727

By Council Member DeMarco (by request of the Mayor)

A Local Law to amend local law number four of the city of New York for the year nineteen hundred seventy-seven, in relation to continuing the present rates of the transportation corporation tax

Be it enacted by the Council as follows:

Section 1. Section four of local law number four for the year nineteen hundred seventy-seven is amended to read as follows:

§ 4. The rates provided in this local law for taxable years commencing on or after January first, nineteen hundred seventy-five shall apply to taxable years commencing on or after January first, nineteen hundred seventy-five and ending on or before December thirty-first, nineteen hundred eighty-eight. Thereafter, the lower rates in effect for taxable years ending on or before December thirty-first, nineteen hundred seventy-four shall apply.

§ 2. This local law shall take effect immediately.