Laws of New York (Last Updated: November 21, 2014) |
ADC New York City Administrative Code(NEW) |
Title 11. TAXATION AND FINANCE |
Chapter 20. SALES, EXCISE AND RELATED TAXES |
Subchapter 3. SALES TAX ON CREDIT SERVICES. |
Section 11-2040. Imposition of tax
Latest version.
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(a) There is hereby imposed within the city and there shall be paid a tax at the rate of four and one-half percent upon the receipts from every sale, except for resale, of the following services, provided, however, that the tax hereby imposed shall not be imposed after November thirtieth, two thousand eleven, on receipts from sales of the services specified in paragraph one of this subdivision: 1. Credit rating and credit reporting services, including, but not limited to, those services provided by mercantile and consumer credit rating or reporting bureaus or agencies, whether rendered in written or oral form or in any other manner, except to the extent otherwise taxable under article twenty-eight of the tax law. (b) Wages, salaries and other compensation paid by an employer to an employee for performing as an employee the services described in subdivision (a) of this section are not receipts subject to the taxes imposed by such subdivision. (c) Any taxes imposed by this subchapter are in addition to any other tax which the city may impose or may be imposing pursuant to any law.