New York City tax increase.

Introductory Bill No. 491-A was signed on June 4, 2003, by New York City Mayor Michael R. Bloomberg. This bill, effective July 4, 2003, until May 31, 2005, increases the sales and use tax rate from 4% to 4.125%. Local authorization was given in the New York City budget package to provide for the increase. (Introductory Bill No. 491-A, New York City Council, June 4, 2003, effective as noted above)

Posted on June 15, 2003