(a) Rate of tax. A tax imposed pursuant to this section shall be
determined as follows:
(1) Resident married individuals filing joint returns and resident
surviving spouses. The tax under this section for each taxable year on
the city taxable income of every city resident married individual who
makes a single return jointly with his or her spouse under subsection
(b) of section thirteen hundred six of this article and on the city
taxable income of every city resident surviving spouse shall be
determined in accordance with the following tables:
(A) For taxable years beginning in two thousand five:
If the city taxable income is: The tax is:
Not over $21,600 2.907% of the city taxable income
Over $21,600 but not $628 plus 3.534% of excess
over $45,000 over $21,600
Over $45,000 but not $1,455 plus 3.591% of excess
over $90,000 over $45,000
Over $90,000 but not $3,071 plus 3.648% of excess
over $150,000 over $90,000
Over $150,000 but not $5,260 plus 4.05% of excess
over $500,000 over $150,000
Over $500,000 $19,435 plus 4.45% of excess
over $500,000
(B) For taxable years beginning in two thousand four:
If the city taxable income is: The tax is:
Not over $21,600 2.907% of the city taxable income
Over $21,600 but not $628 plus 3.534% of excess
over $45,000 over $21,600
Over $45,000 but not $1,455 plus 3.591% of excess
over $90,000 over $45,000
Over $90,000 but not $3,071 plus 3.648% of excess
over $150,000 over $90,000
Over $150,000 but not $5,260 plus 4.175% of excess
over $500,000 over $150,000
Over $500,000 $19,872 plus 4.45% of excess
over $500,000
(C) For taxable years beginning in two thousand three:
If the city taxable income is: The tax is:
Not over $21,600 2.907% of the city taxable income
Over $21,600 but not $628 plus 3.534% of excess
over $45,000 over $21,600
Over $45,000 but not $1,455 plus 3.591% of excess
over $90,000 over $45,000
Over $90,000 but not $3,071 plus 3.648% of excess
over $150,000 over $90,000
Over $150,000 but not $5,260 plus 4.25% of excess
over $500,000 over $150,000
Over $500,000 $20,135 plus 4.45% of excess
over $500,000
(2) Resident heads of households. The tax under this section for each
taxable year on the city taxable income of every city resident head of a
household shall be determined in accordance with the following tables:
(A) For taxable years beginning in two thousand five:
If the city taxable income is: The tax is:
Not over $14,400 2.907% of the city taxable income
Over $14,400 but not $419 plus 3.534% of excess
over $30,000 over $14,400
Over $30,000 but not $970 plus 3.591% of excess
over $60,000 over $30,000
Over $60,000 but not $2,047 plus 3.648% of excess
over $125,000 over $60,000
Over $125,000 but not $4,418 plus 4.05% of excess
over $500,000 over $125,000
Over $500,000 $19,606 plus 4.45% of excess
over $500,000
(B) For taxable years beginning in two thousand four:
If the city taxable income is: The tax is:
Not over $14,400 2.907% of the city taxable income
Over $14,400 but not $419 plus 3.534% of excess
over $30,000 over $14,400
Over $30,000 but not $970 plus 3.591% of excess
over $60,000 over $30,000
Over $60,000 but not $2,047 plus 3.648% of excess
over $125,000 over $60,000
Over $125,000 but not $4,418 plus 4.175% of excess
over $500,000 over $125,000
Over $500,000 $20,075 plus 4.45% of excess
over $500,000
(C) For taxable years beginning in two thousand three:
If the city taxable income is: The tax is:
Not over $14,400 2.907% of the city taxable income
Over $14,400 but not $419 plus 3.534% of excess
over $30,000 over $14,400
Over $30,000 but not $970 plus 3.591% of excess
over $60,000 over $30,000
Over $60,000 but not $2,047 plus 3.648% of excess
over $125,000 over $60,000
Over $125,000 but not $4,418 plus 4.25% of excess
over $500,000 over $125,000
Over $500,000 $20,356 plus 4.45% of excess
over $500,000
(3) Resident unmarried individuals, resident married individuals
filing separate returns and resident estates and trusts. The tax under
this section for each taxable year on the city taxable income of every
city resident individual who is not a married individual who makes a
single return jointly with his or her spouse under subsection (b) of
section thirteen hundred six of this article or a city resident head of
a household or a city resident surviving spouse, and on the city taxable
income of every city resident estate and trust shall be determined in
accordance with the following tables:
(A) For taxable years beginning in two thousand five:
If the city taxable income is: The tax is:
Not over $12,000 2.907% of the city taxable income
Over $12,000 but not $349 plus 3.534% of excess
over $25,000 over $12,000
Over $25,000 but not $808 plus 3.591% of excess
over $50,000 over $25,000
Over $50,000 but not $1,706 plus 3.648% of excess
over $100,000 over $50,000
Over $100,000 but not $3,530 plus 4.05% of excess
over $500,000 over $100,000
Over $500,000 $19,730 plus 4.45% of excess
over $500,000
(B) For taxable years beginning in two thousand four:
If the city taxable income is: The tax is:
Not over $12,000 2.907% of the city taxable income
Over $12,000 but not $349 plus 3.534% of excess
over $25,000 over $12,000
Over $25,000 but not $808 plus 3.591% of excess
over $50,000 over $25,000
Over $50,000 but not $1,706 plus 3.648% of excess
over $100,000 over $50,000
Over $100,000 but not $3,530 plus 4.175% of excess
over $500,000 over $100,000
Over $500,000 $20,230 plus 4.45% of excess
over $500,000
(C) For taxable years beginning in two thousand three:
If the city taxable income is: The tax is:
Not over $12,000 2.907% of the city taxable income
Over $12,000 but not $349 plus 3.534% of excess
over $25,000 over $12,000
Over $25,000 but not $808 plus 3.591% of excess
over $50,000 over $25,000
Over $50,000 but not $1,706 plus 3.648% of excess
over $100,000 over $50,000
Over $100,000 but not $3,530 plus 4.25% of excess
over $500,000 over $100,000
Over $500,000 $20,530 plus 4.45% of excess
over $500,000
(b) Tax table benefit recapture. For taxable years beginning after two
thousand two and before two thousand six, there is hereby imposed a
supplemental tax in addition to the tax imposed under subsection (a) of
this section for the purpose of recapturing the benefit of the tax
tables contained in such subsection. The supplemental tax shall be an
amount equal to the sum of the tax table benefits in paragraphs one and
two of this subsection multiplied by their respective fractions in such
paragraphs provided, however, that paragraph one of this subsection
shall not apply to taxpayers who are not subject to the second highest
rate of tax.
(1) Resident married individuals filing joint returns, surviving
spouses, resident heads of households, resident unmarried individuals,
resident married individuals filing separate returns and resident
estates and trusts. (A) The tax table benefit is the difference between
(i) the amount of taxable income set forth in the tax table in
subsection (a) of this section not subject to the second highest rate of
tax for the taxable year multiplied by such rate and (ii) the second
highest dollar denominated tax for such amount of taxable income set
forth in the tax table applicable to the taxable year in subsection (a)
of this section.
(B) The fraction is computed as follows: the numerator is the lesser
of fifty thousand dollars or the excess of New York adjusted gross
income for the taxable year over one hundred fifty thousand dollars and
the denominator is fifty thousand dollars.
(C) This paragraph shall only apply to taxable years beginning after
two thousand two and before two thousand six.
(2) Resident married individuals filing joint returns, surviving
spouses, resident heads of households, resident unmarried individuals,
resident married individuals filing separate returns and resident
estates and trusts. (A) The tax table benefit is the difference between
(i) the amount of taxable income set forth in the tax table in
subsection (a) of this section not subject to the highest rate of tax
for the taxable year multiplied by such rate and (ii) the highest dollar
denominated tax set forth in the tax table applicable to the taxable
year in subsection (a) of this section less the sum of the tax table
benefits in paragraph one of this subsection.
(B) For such taxpayers with adjusted gross income over five hundred
thousand dollars, the fraction is one. Provided, however, that the
total tax prior to the application of any tax credits shall not exceed
the highest rate of tax set forth in the tax table in subsection (a) of
this section multiplied by the taxpayer's taxable income.
(C) This paragraph shall only apply to taxable years beginning after
two thousand two and before two thousand six.
Structure New York Laws
Article 30 - City Personal Income Tax
1301 - Authority to Impose Taxes.
1301-B - City Separate Tax on the Ordinary Income Portion of Lump Sum Distributions.
1302 - Persons Subject to Tax.
1305 - City Resident and City Nonresident Defined.
1306 - Returns and Liabilities.
1307 - Change of Resident Status.
1309 - Requirement of Withholding Tax From Wages.
1311 - Enforcement With Other Taxes.