NYC-WTC_000195490

NYC 9/11 Public Portal Document

LEGISLATIVE HISTORY 1 1934 New York City imposes a two percent tax on the 1980 An eight percent tax surcharge on motor vehicle sales and use of tangible personal property and parking and garaging services is imposed in the services. borough of Manhattan and is added to the City’s 1959 The tax rate ip increased to three percent for most non-MAC tax base (effective date; September 1, 1980), bringing the total City, State and MTA Sales !==. sales and to five percent for restaurant meals and drinks costing one dollar or mbre. I tax on parking in Manhattan to 18.25 percent. 1963 The basic rate is increased to four percent and the 1984■ Sales tax on electricity oi; electric service used in the five percent rate on restaurant meals is extended to production of tangible personal property by include catering services. / manufacturing, processing or assembling can be 1965 New York State introduces its own two percent claimed as a credit jagainst the unincorporated sales tax and begins to collect, administer and business or general corporation taxes (effective date; 1991 enforce the sales tax for all localities. New York July 1,1984). ; City lowers its own tax rate to three percent. Sales 19^5 Manhattan resident's are exempt froth the eight tax on any'motor vehicle purchased by an out-of- percent parking and garaging surcharge, reducing state resident is repealed, (effective date: August 1, the City's non-N|AC (ax base (effective date; 1965). / September 1, 19851 , 1992 1969 The State raises its tax rate to three percent. 1987 Under the Competitive Business Energy Costs 1970 The City imposes a six percent tax on motor vehicle Program (CBECP), sales tax on sales of energy to parking and garaging services (effective date; commercial or industrial users ii exempted in September 1,1970). annual increments of 25 percent per year (effective date; July 1,1988). ' 1971 The State raises its tax rate to four percent. 1988 Implementation of the CBECP is delayed until July 1974 The City raises its tax rate to four percent (effective 1, 1990, when it is due to resume on the original date; July 1,19/4). ' schedule (i.e., 75 percent). 1975 A four percent Municipal Assistance sales and use 1995 1989' Interior decorating, contract cleaning and tax is levied in lieu of the City’s sales tax. The maintenance services are added to the City's non- revenue from this tax is pledged to the Municipal MAC tax base (effective date; December 1, 1989). Assistance Corporation (MAC) to meet the interest' Service charges on floor covering installations are payments on bonds issued by the corporation. added to the State and MAC tax bases (effective Revenue resulting from future expansions of the dale; June 1,1989). The State enhances its revenue City’s sales tax base does not belong to MAC but enforcement capability to improve revenue flows directly to the City (effective date; July 1, collections from interstate mail-order sales, 1975). On July 1, 2008, thC sales tax imposed by 1996 prefabricafed building materials purchased from the City will again be in effect. At that time the out-of-state manufacturers and used in New York, City-imposed sales tax takes effect at the rate of and catalogues printed out-of-state and mailed by three percent. J; in-state firms (effective date: September 1, 1989). 1975 Protective land detective services hnd credit , Excise taxes on cigarettes (effective date; June 1, reporting and collection services are added to the 1989) and tobacco products (effective date; July 1, City’s non-MAC tax base (effective date; September 1989) are included in the calculation of the sales tax, 1, 1975). and are added to the State and MAC fax bases. The 1976' Barber and beauty shops and health and weight City’s credit for sales tax paid on machinery and control salons are added to the City’s non-MAC tax equipment used in the production of tangible base (effectiye date: March 1,1976). personal properly is changed to an exemption, 1977 Sales and use taxes paid on machinery used in the / reducing the MAC base (effective date: December production of tangible personal property, gas, 1,1989). electricity or refrigeration, and steam for sale can be 1990 Entertainment services provided or delivered by claimed as a credit against the City’s general telephone or telegraph through 500, 700, 800 and !;' corporation, unincorporated business or utility taxes 900 telephone numbers, as well as such services (effective date: July 1, 1977). For sales after, delivered by private telephone line, cable or channel I' December 1, 1989, the credit is replaced with an are added to the State and MAC tax bases (effective exemption, reducing the City’s MAC tax base. date; September 1, 1990). Protective and detective J' -------- - ------------------ _(----------------- --------- 1/ I ; 70

NYC-WTC_000195567