Establishes a payroll tax on certain employers in New York City to fund child care affordability, accessibility, and quality for families with.

The NYC under 3 act imposes a payroll tax on employers in New York City with a population of one million or more. The tax rates vary based on the payroll expense:.15% for employers with payroll expense between $625,000 and $1,250,000 per quarter,.18% for employers with payroll expense between $1,250,000 and $2,500,000 per quarter, and.22% for employers with payroll expense exceeding $2,500,000 per quarter. The tax revenue will be used to address child care affordability, accessibility, and quality for families with children under three years of age.

Establishes a payroll tax on certain employers in New York City to fund child care affordability, accessibility, and quality for families with.

The NYC under 3 act imposes a payroll tax on employers in New York City with a population of one million or more. The tax rates vary based on the payroll expense:.15% for employers with payroll expense between $625,000 and $1,250,000 per quarter,.18% for employers with payroll expense between $1,250,000 and $2,500,000 per quarter, and.22% for employers with payroll expense exceeding $2,500,000 per quarter. The tax revenue will be used to address child care affordability, accessibility, and quality for families with children under three years of age.