§ 97-1. Imposition of tax.

Latest version.

Pursuant to the authority granted by § 6-640 of the Village Law of the State of New York, from on and after February 1, 1968, there is hereby imposed:

A.
A tax equal to 1% of the gross income of every utility doing business in the Incorporated Village of Lake Success which is subject to the supervision of the New York State Department of Public Service and which has an annual gross income in excess of $500, except motor carriers or brokers subject to such supervision under Article 3-B of the Public Service Law.

B.
A tax equal to 1% of the gross operating income of every other utility doing business in the Incorporated Village of Lake Success which has an annual gross operating income in excess of $500.

Editor's Note: See now § 5-530 of the Village Law.

                    
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