§ 7-03 Deductions from Base Rent.
RCNY § 7-03
Base rent shall be reduced by the amount of the taxpayer's rent for, or reasonably ascribable to, the taxpayer's own use of the premises: (a) As premises used for railroad transportation purposes.
(b)As premises used for air transportation purposes.
(c)As premises used for omnibus transportation purposes.
(d)As piers insofar as such premises are used in interstate or foreign commerce.
(e)Which are located in, upon, above or under any public street, highway or other public place, and which are defined as special franchise property in the New York Real Property Tax Law.
(f)Which are taxed pursuant to the Tax on Occupancy of Hotel Rooms Law imposed by Chapter 25 of Title 11 of the Administrative Code of the City of New York or, effective August 1, 1965, pursuant to the Sales Tax imposed by Subchapter 1 of Chapter 20 of Title 11 of the Administrative Code of the City of New York, to the extent that such premises are subject to and during the period that they are subject to, such tax.
(g)Which are taxed pursuant to § 11-1005(b) or (c) of the Administrative Code (premises occupied by vending machines). This provision is applicable to tax periods ending on or before July 15, 1981, after which date the general occupancy tax Chapter 10 of Title 11 is no longer imposed.
(h)Which are advertising signs, advertising space, vending machines or newsstands within or attached to stations, platforms, stairways, entranceways, passageways, mezzanines or tracks of a rapid transit subway or elevated railroad operated by the New York City Transit Authority when the rent of the tenant or of his landlord is payable to such Authority.
