New York A10340 increases tax rates for unincorporated businesses and corporations in New York City.

New York A10340 amends the administrative code of the city of New York to increase tax rates for unincorporated businesses and corporations. The bill specifies new tax rates for different income brackets and types of businesses, effective upon adoption of a local law by the city's legislative body. The tax rates vary based on the amount of business income and the type of corporation, with specific rates for financial corporations and other corporations. The bill also includes provisions for credit carryforwards and modifications to existing tax clauses.

New York A10340 increases tax rates for unincorporated businesses and corporations in New York City.

New York A10340 amends the administrative code of the city of New York to increase tax rates for unincorporated businesses and corporations. The bill specifies new tax rates for different income brackets and types of businesses, effective upon adoption of a local law by the city's legislative body. The tax rates vary based on the amount of business income and the type of corporation, with specific rates for financial corporations and other corporations. The bill also includes provisions for credit carryforwards and modifications to existing tax clauses.