ยง 869. Imposition and rate of tax. A tax is hereby imposed for each
taxable year on the city pass-through entity taxable income of every
electing city partnership and every electing city resident S
corporation. This tax shall be in addition to any other taxes imposed on
such partnership or such S corporation. For each taxable year beginning
on or after January first, two thousand twenty-two, the rate of tax
shall be 3.876 percent of city pass-through entity taxable income.