Exempts certain low-income New York City taxpayers from city personal income tax.

This bill amends the tax law to exempt certain low-income New York City taxpayers from city personal income tax. Specifically, it sets the tax rate at zero percent for city taxable income up to $21,600 for resident married individuals filing joint returns, resident heads of households, and resident surviving spouses. The changes apply to taxable years beginning after 2026.

Exempts certain low-income New York City taxpayers from city personal income tax.

This bill amends the tax law to exempt certain low-income New York City taxpayers from city personal income tax. Specifically, it sets the tax rate at zero percent for city taxable income up to $21,600 for resident married individuals filing joint returns, resident heads of households, and resident surviving spouses. The changes apply to taxable years beginning after 2026.