Section 11-2901. Establishment of the Tax Study Commission; membership

a. There is established a joint  tax  study  commission  to  advise  the  mayor  and  the  council.  The  commission shall consist of
  seventeen voting members, nine of whom shall  be  elected  or  appointed
  officials of the city of New York and eight who shall be public members.
  The commission shall be appointed as follows:
      (1) four members appointed by the mayor;
      (2) three members appointed by the vice chairman;
      (3) one member appointed by the council president;
      (4) one member appointed by the comptroller; and
      (5) eight public members appointed jointly by the mayor and the vice
  chairman.
    One member shall be designated by both the mayor and the vice chairman
  to serve as chairperson.
    b.  Vote  of  the  commission;  delegates.  The  commission  shall  be
  authorized to vote on any motion  properly  before  it  when  a  quorum,
  consisting  of more than one-half of its members, is present. The motion
  shall be adopted if a majority of the members vote thereon. Each  member
  may designate a representative who may vote on behalf of such member and
  who  shall  be  counted  as a member for the purposes of determining the
  existence of a quorum. The designation of a representative shall be made
  in a prior written notice served upon the chairperson of the commission.
    c. Mandates of the commission. The commission is hereby mandated:
    (1) to  analyze  the  impact  of  the  extensive  changes  in  federal
  taxation,  the  implementation  of  which  is  to  begin in 1987, and to
  consider how the local  tax  system  might  best  adapt  to  anticipated
  changes in tax burdens and tax receipts; and
    (2)  to  analyze  the  city's  current  personal  income  tax  laws to
  determine their effectiveness in realizing municipal fiscal  and  policy
  goals,  and  in  satisfying  the  traditional  objectives  of equity and
  efficiency; and
    (3) to analyze the  city's  real  property,  business  and  other  tax
  structures  to  determine  their  effectiveness  in  realizing municipal
  fiscal and policy goals; and
    (4) to make recommendations in each instance for such  actions  as  it
  deems necessary to achieve these objectives.
    d. Duties and powers of the commission. The commission shall, in order
  to achieve its mandates:
    (1) meet at such times as it shall deem necessary;
    (2) utilize the best expertise available as it proceeds with its work,
  seeking   both   the   advice   and  the  active  participation  of  tax
  professionals, economists, and fiscal analysts who shall act as advisors
  and/or paid consultants.
    e. Reports. The commission shall issue at least two  separate  reports
  to the mayor and the council. The first report shall be submitted to the
  mayor  and the council no later than four months from the effective date
  of this local law and shall address possible  municipal  adaptations  to
  the new federal tax law. The second report shall be issued no later than
  twenty-four  months  from the effective date of this local law and shall
  address the reforms of the city's tax  system  as  a  whole.  Additional
  separate  studies  and  reports  may  be issued from time to time as the
  commission deems appropriate. In all instances, to the  greatest  extent
  possible,  the commission shall recommend, legislative and other courses
  of action to the mayor and the council.
    f. Duration of the commission. The commission shall expire on  January
  thirty-first, one thousand nine hundred eighty-nine.