N.Y. General City Law 2 – Persons subject to tax
§ 2. Persons subject to tax.–(a) Imposition of tax.–A tax determined in accordance with the rates set forth in this local law is hereby imposed for each taxable year, ending on or after July first, nineteen hundred sixty-six, but commencing prior to January first, nineteen hundred seventy-six, on the city taxable income of every resident individual, resident estate and trust.
Terms Used In N.Y. General City Law 2
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(b) Partners and partnerships.– A partnership as such shall not be subject to tax under this local law. Persons carrying on business as partners shall be liable for tax under this local law only in their separate or individual capacities.
(c) Associations taxable as corporations.– An association, trust or other unincorporated organization which is taxable as a corporation for federal income tax purposes shall not be subject to tax under this local law.
(d) Exempt trusts and organizations.– A trust or other unincorporated organization which by reason of its purposes or activities is exempt from federal income tax shall be exempt from tax under this local law (regardless of whether subject to federal income tax on unrelated business taxable income).
(e) Cross references.– For definitions of city taxable income of:
(1) Resident individual, see section eleven.
(2) Resident estate or trust, see section eighteen.
N.Y. General City Law 2 – Term of office of city supervisors
§ 2. Term of office of city supervisors. 1. The term of office of each supervisor hereafter elected in a city shall, notwithstanding the provisions of such city charter, be two years, and a supervisor shall only be elected in such city each second year thereafter, except to fill vacancies.
2. Notwithstanding any provision of subdivision one of this section, but subject to the mandatory referendum provisions of § 23 of the municipal home rule law, the term of office of each supervisor hereafter elected in the city of Geneva shall, notwithstanding the provisions of such city charter, be four years, and a supervisor shall only be elected in such city each fourth year thereafter, except to fill vacancies.