File #:

Int 0790-2015    Version: *

Name:

Extending the transfer tax exemption period for leases of taxicab licenses.

Type:

Introduction

Status:

Filed (End of Session)

Committee:

Committee on Finance

On agenda:

5/14/2015

Enactment date:

Law number:

Title:

A Local Law to amend the administrative code of the city of New York, in relation to extending the transfer tax exemption period for leases of taxicab licenses

Sponsors:

Ydanis A. Rodriguez

Council Member Sponsors:

1

Summary:

The City imposes a tax on the transfer of taxicab licenses, also known as medallions, but includes an exemption for leases of six months or less. This bill would extend the lease exemption from six months to seven years.

Attachments:

1. Summary of Int. No. 790, 2. May 14, 2015 - Stated Meeting Agenda with Links to Files