Section 11-1005. Imposition of the tax  


Latest version.
  • a. To provide additional funds for
      the purpose of fulfilling any  contract  to  make  capital  or  periodic
      subsidies to the New York city housing authority in aid of a low rent or
      slum  clearance  project  or  for  the purpose of paying an indebtedness
      incurred for a low rent or slum clearance  project,  every  occupant  of
      premises  for  a  year  or  any  part thereof in excess of one month and
      fifteen days shall pay annually to the commissioner of finance  on  June
      twentieth  of  each  year  until  and including June twentieth, nineteen
      hundred eighty-one, a tax for each separate  premises  occupied  at  the
      rates computed, with reference to the rental value for separate premises
      in the city of New York, as specified in the following table:
     
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        When the rental                  And not        The amount of
        value is at least                more than      the tax shall be
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           $1.00 ........................$1,000.99            $2.00
        1,001.00 ........................ 2,000.99             4.00
        2,001.00 ........................ 3,000.99             6.00
        3,001.00 ........................ 4,000.99             8.00
        4,001.00 ........................ 5,000.99            10.00
        5,001.00 and over ..................................  12.00
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        b.  Where  the  premises  are  occupied by vending machines which sell
      tangible personal property the tax shall be computed as specified in the
      following table:
     
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        When the total value of the
        coins used in such vending                      The amount of
        machines is                                     the tax shall be
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            $.01 ........................................... $  .20
             .02 to.14 incl ................................    .40
             .15 to.24 incl ................................   1.00
             .25 and over ..................................   2.00
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        c. Where the premises are occupied  by  vending  machines  other  than
      those which sell tangible personal property the tax shall be computed as
      specified in the following table:
     
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        When the total value of the
        coins used in such vending                      The amount of
        machines is                                     the tax shall be
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            $.01 ...........................................   $.40
             .02 and over ..................................   2.00
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