Extends the expiration date of the personal income tax surcharge imposed by the city of Yonkers.

The bill amends the tax law to extend the expiration date of the personal income tax surcharge imposed by the city of Yonkers. The surcharge, which is at a rate not to exceed 12.25% of the net state tax, applies to taxable years beginning after December 31, 1983, and before January 1, 2028. The bill also includes provisions for the effectiveness of local laws and filing with the commissioner, ensuring that local laws are enacted and filed within specified timeframes.

Extends the expiration date of the personal income tax surcharge imposed by the city of Yonkers.

The bill amends the tax law to extend the expiration date of the personal income tax surcharge imposed by the city of Yonkers. The surcharge, which is at a rate not to exceed 12.25% of the net state tax, applies to taxable years beginning after December 31, 1983, and before January 1, 2028. The bill also includes provisions for the effectiveness of local laws and filing with the commissioner, ensuring that local laws are enacted and filed within specified timeframes.