N.Y. Comp. Codes R. & Regs. tit. 15 § 15.7

Current through Register Vol. 46, No. 36, September 4, 2024

Section 15.7 - Retention of operational costs by state

(a) All city tax monies collected in issuing offices of the Department of Motor Vehicles in any calendar month, less collection and administrative costs for such transactions, will be distributed to the appropriate fiscal officer of the city by the end of the following month by the State Comprotller, upon certification from the commissioner.

(b) The collection and administrative costs incurred by DMV and its agents, deducted from the monthly distributions to be made to the city, will be determined on a per transaction basis subject to change as costs change. They will be certified from time to time by the commissioner.

(c) In the event that New York City repeals the local law, New York State repeals the enabling legislation codified in chapter 789 of the Laws of 1992, or the tax is invalidated by a court decision that the city cannot or decides not to appeal, then the commissioner of finance will reimburse the Commissioner of Motor Vehicles for any and all implementation and recurring operational costs.

N.Y. Comp. Codes R. & Regs. Tit. 15 § 15.7