Repeal charges to the Annual Vault Charge and Coin Operated Amusement Devices

Adopted Rules: Closed to Comments

Effective Date: 
Wednesday, April 5, 2017
Agency:
Download Copy of Adopted Rule (.pdf): 

 

 

Statement of Basis and Purpose

When the charges that are the subject of this rule were in effect, the Department of Finance administered the City’s Annual Vault Charge and the Tax on Coin Operated Amusement Devices. 

Section 1 of this rule repeals Chapter 2 of Title 19 of the Rules of the City of New York relating to the Annual Vault Charge. The Annual Vault Charge was imposed by Chapter 27 of Title 11 of the City’s Administrative Code.  This was repealed in 1997 and no vault charge or additional charge under Chapter 27 has been collected since 1998.

Section 2 of this rule repeals Chapter 5 of Title 19 relating to the Tax on Coin-Operated Amusement Devices. This tax was also repealed in 1997.

This rule was identified as part of a comprehensive rules review initiative undertaken by the NYC Mayor’s Office of Operations, working with the City’s rulemaking agencies, the Law Department, and the Office of Management and Budget.  The initiative identified rules that will be repealed or modified to reduce regulatory burdens, increase equity, support small businesses, and simplify and update content to help support public understanding and compliance.   The Department determined that these rules are no longer needed. This rule repeals these chapters.

Matter underlined is new.  Matter in brackets [ ] is to be deleted.