L.L. 1990/045
Enactment date: 7/12/1990
Int. No. 477
By Council Member Berman (Read and referred to the Committee on Finance) (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 the use of daily compounding in computing interest on late payments of real property taxes, water and sewer charges, and other charges related to real property, and in relation to the rate of interest applicable to late payments of real property taxes on parcels on which the annual real property tax is not more than two thousand seven hundred fifty dollars
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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§ 10. This local law shall take effect immediately and shall apply to declarations of estimated tax and installment payments on account thereof due after June 15, 1990 for taxable years beginning on or after January 1, 1990.