Extends certain provisions of law relating to tax rates and the imposition of income taxes in the city of New York.
This bill extends certain provisions of law relating to tax rates and the imposition of income taxes in the city of New York. It amends various sections of the tax law and the administrative code of the city of New York to adjust tax rates and modify the calculation of taxes for different categories of taxpayers. The bill specifies different tax rates for various income brackets and taxable years, affecting city resident individuals, estates, trusts, and heads of households. It also modifies the tax on receipts from certain services and sales within the city.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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