Imposes an additional tax on income attributable to long-term capital gain.

New York Assembly Bill A00676 amends the tax law to impose an additional tax on income attributable to long-term capital gain. The tax rates vary based on the individual's New York taxable income and filing status. For resident married individuals, the tax is seven and one-half percent for income over $500,000 and fifteen percent for income over $1 million. For other resident individuals, the tax is seven and one-half percent for income over $400,000 and fifteen percent for income over $800,000.

Imposes an additional tax on income attributable to long-term capital gain.

New York Assembly Bill A00676 amends the tax law to impose an additional tax on income attributable to long-term capital gain. The tax rates vary based on the individual's New York taxable income and filing status. For resident married individuals, the tax is seven and one-half percent for income over $500,000 and fifteen percent for income over $1 million. For other resident individuals, the tax is seven and one-half percent for income over $400,000 and fifteen percent for income over $800,000.