1794-A - Indian lease tax. - New York Statutes

§ 1794-a. Indian lease tax. Each year on or before the first day of March the authority shall determine the total amount of the Indian lease tax, which shall be the sum of (a) the gross annual rental due under the master lease entered into with the nation and (b) the necessary annual expense of administering the authority. A certificate showing the amount of the said Indian lease tax shall be filed with the common council of the city. Thereafter, the common council shall levy the Indian lease tax at the same time as city taxes on each parcel appearing on the assessment roll which is within the district. The levy shall be made in the same manner as city taxes except that it shall be extended and apportioned on the basis of the assessed valuation of each such parcel in a separate section to be part of and attached to the assessment roll. The Indian lease tax so levied shall be collected in the same manner as Indian rents are presently, (chapter seven hundred eighty-seven laws of nineteen hundred forty-nine, section one hundred seventy-four-a), and shall be a lien in the same manner as city taxes and all such taxes collected by the city shall belong to the city and be collected by it for its own account. On or before the nineteenth day of February of each year, the common council shall cause the total amount of the Indian lease tax certified to it on or before the previous March first, to be paid to the Seneca Nation of Indians for and on behalf of the authority. In the event of the continuation of any of the leases between the Nation and its leaseholders in force prior to the enactment of the master lease from the Nation to the authority, such leases shall continue in effect and rents due thereunder shall be levied and collected in the same manner as now in force and to which collection of the Indian lease tax shall correspond. Any amounts of rent received from said pre-existing leases shall be reflected in the total amount of the individual's Indian lease tax and shall be a credit against said tax.