L.L. 1987/049

Enactment date: 7/29/1987

Int. No. 878

By the Vice Chairman (Council Member Vallone) and Council Member DeMarco (by request of the Mayor); also Council Members Dryfoos, Eisland, Gerges, Leffler, Messinger, O'Donovan and Pinkett (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 requiring and permitting rebates of amounts equal to sales tax imposed pursuant to section eleven hundred seven of the tax law on the sales of energy and delivery services in certain instances and providing a deduction in computing the gross income of certain utilities and gross operating income of certain vendors of utility services for purposes of the tax imposed pursuant to chapter eleven of title eleven of such code received in connection with certain sales of energy and delivery services

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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§ 12. This local law shall take effect immediately but in no event sooner that the effective date of a chapter of the laws of nineteen hundred eighty-seven entitled "An Act to amend the general city law, the public service law, the tax law and chapter seven hundred seventy-two of the laws of nineteen hundred sixty-six, relating to enabling any city having a population of one million or more to raise tax revenues, relating to reduction of energy costs and relocation and employment assistance in cities with a population of one million or more", and that section 11-1102.1 of the administrative code of the city of New York as added by section nine of this local law shall apply to sales of electricity, gas or steam, or delivery service made on or after such effective date, provided, however, that subparagraph (c) of paragraph one of subdivision (g) of section 11-503 of the administrative code of the city of New York as added by section two of this local law, subparagraph three of paragraph (a) of subdivision fifteen of section 11-604 of such code as added by section four of this local law and paragraph two of subdivision (a) of section 11-643.6 of such code as added by section six of this local law shall take effect no sooner than the effective date of a chapter of the laws of nineteen hundred eighty-seven entitled "AN ACT to amend chapter seven hundred seventy-two of the laws of nineteen hundred sixty-six, relating to enabling any city having a population of one million or more to raise tax revenues, relating to reduction of business energy costs and relocation and employment assistance in cities with a population of one million or more and to repeal paragraph (k) of subdivision eight of section two contained in section one and paragraph eleven of subdivision (b) of section one hundred five contained in section two relating thereto."