Statute · New York Tax Law
N.Y. Tax Law § 1260 — Revenues resulting from taxes administered by cities over one million
N.Y. Tax Law § 1260
- Type
- Statute
- Source
- New York Tax Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 1260. Revenues resulting from taxes administered by cities over one million. All taxes, penalties and interest resulting from the imposition of the taxes authorized under section twelve hundred one shall be paid into the treasury of the city imposing the tax and shall be credited to and…
Citator
N.Y. Tax Law § 1260 — Revenues resulting from taxes administered by cities over one million is in force in the current edition of the Code, and nothing recorded condemns it.
§ 1260. Revenues resulting from taxes administered by cities over one million. All taxes, penalties and interest resulting from the imposition of the taxes authorized under section twelve hundred one shall be paid into the treasury of the city imposing the tax and shall be credited to and deposited in the general fund of any such city, but no such part of such revenues may be expended unless appropriated in the annual budget of such city.