In relation to accelerating the effective date of certain exemptions and a credit allowed under the commercial rent or occupancy tax imposed by chapter 7 of …
NYC L.L. 1995/057
in effectL.L. 1995/057
Enactment date: 6/27/1995
Int. No. 576
By Council Member Berman (by the request of the Mayor) (Read and referred to the Committee on Finance) (Passed under a message of necessity from the Mayor)
A Local Law to amend the administrative code of the city of New York, in relation to accelerating the effective date of certain exemptions and a credit allowed under the commercial rent or occupancy tax imposed by chapter 7 of title 11 of such code, and allowing an exemption from such tax and a reduction in calculating base rent subject to such tax in certain cases
Be it enacted by the Council as follows:
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[Consolidated provisions are not included in this Appendix A]
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§ 6. If any credit, exemption from tax or reduction in base rent provided by this local law is held to be invalid or unconstitutional, or would render any portion of chapter 7 of title 11 of the administrative code of the city of New York, as amended by this local law, invalid or unconstitutional for any reason whatsoever, there shall be no such credit, exemption from tax or reduction in base rent, and such chapter 7 shall continue in effect without such credit, exemption or reduction in base rent held to be invalid.
§ 7. This local law shall take effect immediately.
Source: City of New York, Charter, Administrative Code and Rules (American Legal Publishing XML export, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/newyorkcity/latest/NYCadmin/0-0-0-216926Fetched: 10/25/2026