New York S01662 authorizes a childhood education surcharge on personal income tax for cities with a population of one million or more.

New York S01662 amends the tax law to add a new section authorizing a childhood education surcharge on personal income tax for cities with a population of one million or more. The surcharge applies to city taxable income of married individuals filing joint returns, married individuals filing separate returns, resident unmarried individuals, resident heads of households, and resident estates and trusts. The surcharge rate varies based on the city's taxable income, with a maximum of 4.3%.

New York S01662 authorizes a childhood education surcharge on personal income tax for cities with a population of one million or more.

New York S01662 amends the tax law to add a new section authorizing a childhood education surcharge on personal income tax for cities with a population of one million or more. The surcharge applies to city taxable income of married individuals filing joint returns, married individuals filing separate returns, resident unmarried individuals, resident heads of households, and resident estates and trusts. The surcharge rate varies based on the city's taxable income, with a maximum of 4.3%.