Repeal Vault and Coin Operated Rules
Proposed Rules: Closed to Comments
Statement of Basis and Purpose of Proposed Rule
When the charges 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 proposed rule would repeal 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 This was repealed in 1997 and no vault charge or additional charge under Chapter 27 has been imposed since 1998.
Section 2 of this proposed rule would repeal 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 This tax was also repealed in 1997.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 The initiative identified rules that will be repealed or modified to reduce regulatory burdens, increase equity, support small businesses, and simplify and update content to help support public understanding and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 were no longer needed. This proposed rule would repeal these chapters.