L.L. 1991/064

Enactment date: 7/17/1991

Int. No. 748

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, in relation to increasing the rate of the city minimum personal income tax and imposing an additional tax under the city personal income tax

Be it enacted by the Council as follows:

* * *

[Consolidated provisions are not included in this Appendix A]

* * *

§ 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 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, 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 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 numbers S. _____ and A. _____.