§ 11-1005 Imposition of the tax.
AC § 11-1005
a. To provide additional funds for the purpose of fulfilling any contract to make capital or periodic subsidies to the New York city housing authority in aid of a low rent or slum clearance project or for the purpose of paying an indebtedness incurred for a low rent or slum clearance project, every occupant of premises for a year or any part thereof in excess of one month and fifteen days shall pay annually to the commissioner of finance on June twentieth of each year until and including June twentieth, nineteen hundred eighty-one, a tax for each separate premises occupied at the rates computed, with reference to the rental value for separate premises in the city of New York, as specified in the following table: When the rental value is at least:But not more than: The amount of the tax shall be:$1.00$1,000.99 $2.00 1,001.00 2,000.99 4.00 2,001.00 3,000.99 6.00 3,001.00 4,000.99 8.00 4,001.005,000.99 10.00 5,001.00 and over 12.00 b. Where the premises are occupied by vending machines which sell tangible personal property the tax shall be computed as specified in the following table: When the total value of the coins used in such vending machines is:The amount of the tax shall be:$.01 $.20 .02 to .14 incl. .40 .15 to .24 incl.1.00 .25 and over2.00 c. Where the premises are occupied by vending machines other than those which sell tangible personal property the tax shall be computed as specified in the following table: When the total value of the coins used in such vending machines is:The amount of the tax shall be:$.01 $.40 .02 and over2.00
