L.L. 1991/077
Enactment date: 7/23/1991
Int. No. 751
By Council Member Berman (by the request of the Mayor) (Passed under a message of necessity from the Mayor)
A Local Law to amend the administrative code of the city of New York and a local law for the year 1991 as proposed in Int. No. 748 amending the administrative code relating to the city personal income tax, in relation to the duration of the increased rate of the city minimum personal income tax and the additional tax under the city personal income tax
Be it enacted by the Council as follows:
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[Consolidated provisions are not included in this Appendix A]
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§ 3. Section three of a local law for the year 1991, amending the administrative code relating to the city personal income tax, as proposed in Int. No. 748, is amended to read as follows:
§ 3. Notwithstanding any provision of law to the contrary, no addition to tax under subdivision (c) of section 11-1785 of the administrative code of the city of New York shall be imposed with respect to the portion of any underpayment of a required installment of estimated tax for a taxable year, due prior to January 1, 1992, created by any provision of this local law, if the amount of such portion is timely paid with the first installment of estimated tax for such taxable year due on or after January 1, 1992. Notwithstanding any provision of law to the contrary, the method of determining the amount to be deducted and withheld from wages on account of taxes imposed by chapter 17 of title 11 of such code in connection with the implementation of those provisions of this local law which affect the amount to be withheld shall be prescribed by regulations of the commissioner of taxation and finance of the state of New York with due consideration to the effect such method, including withholding tables, would have on the receipt and amount of revenue. Such regulations shall be proposed and adopted in compliance with the state administrative procedure act not later than October 1, 1991.
§ 4, Section four of a local law for the year 1991, amending the administrative code relating to the city personal income tax, as proposed in Int. No. 748, is amended to read as follows:
§ 4. This local law shall take effect immediately, but in no event earlier than the effective date of a chapter of the laws of 1991, relating, in part, to authorizing any city having a population of one million or more to increase the rate of the city minimum personal income tax and to impose an additional tax under the city personal income tax, as proposed in legislative bill [number S. _____ and A. _____ ] number A. 8852-A.
§ 5. This local law shall take effect immediately, but in no event earlier than the effective date of a chapter of the laws of 1991, relating, in part, to authorizing any city having a population of one million or more to increase the rate of the city minimum personal income tax and to impose an additional tax under the city personal income tax, as proposed in legislative bill number A. 8852-A.