§ 1304-D. Imposition of tax. Notwithstanding any provision of law to\nthe contrary, in lieu of the tax tables provided in section thirteen\nhundred four of this article, any city imposing the taxes authorized by\nsection thirteen hundred one of this article is hereby authorized and\nempowered to adopt and amend local laws to impose the rates set forth in\nthe tax tables provided in this section. Provided, however, if any such\ncity adopts a local law to impose tax at the rates set forth in this\nsection, the authorization granted to such city to impose an additional\ntax by section thirteen hundred four-B of this article shall be\nsuspended while such local law is in effect.\n (a) Rate of tax. A tax imposed pursuant to this section shall be\ndetermined as follows:\n (1) Resident married individuals filing joint returns and resident\nsurviving spouses. The tax under this section for each taxable year on\nthe city taxable income of every city resident married individual who\nmakes a single return jointly with his or her spouse under subsection\n(b) of section thirteen hundred six of this article and on the city\ntaxable income of every city resident surviving spouse shall be\ndetermined in accordance with the following tables:\n (A) For taxable years beginning in two thousand five:\nIf the city taxable income is: The tax is:\nNot over $21,600 2.907% of the city taxable income\nOver $21,600 but not $628 plus 3.534% of excess\nover $45,000 over $21,600\nOver $45,000 but not $1,455 plus 3.591% of excess\nover $90,000 over $45,000\nOver $90,000 but not $3,071 plus 3.648% of excess\nover $150,000 over $90,000\nOver $150,000 but not $5,260 plus 4.05% of excess\nover $500,000 over $150,000\nOver $500,000 $19,435 plus 4.45% of excess\n over $500,000\n (B) For taxable years beginning in two thousand four:\nIf the city taxable income is: The tax is:\nNot over $21,600 2.907% of the city taxable income\nOver $21,600 but not $628 plus 3.534% of excess\nover $45,000 over $21,600\nOver $45,000 but not $1,455 plus 3.591% of excess\nover $90,000 over $45,000\nOver $90,000 but not $3,071 plus 3.648% of excess\nover $150,000 over $90,000\nOver $150,000 but not $5,260 plus 4.175% of excess\nover $500,000 over $150,000\nOver $500,000 $19,872 plus 4.45% of excess\n over $500,000\n (C) For taxable years beginning in two thousand three:\nIf the city taxable income is: The tax is:\nNot over $21,600 2.907% of the city taxable income\nOver $21,600 but not $628 plus 3.534% of excess\nover $45,000 over $21,600\nOver $45,000 but not $1,455 plus 3.591% of excess\nover $90,000 over $45,000\nOver $90,000 but not $3,071 plus 3.648% of excess\nover $150,000 over $90,000\nOver $150,000 but not $5,260 plus 4.25% of excess\nover $500,000 over $150,000\nOver $500,000 $20,135 plus 4.45% of excess\n over $500,000\n (2) Resident heads of households. The tax under this section for each\ntaxable year on the city taxable income of every city resident head of a\nhousehold shall be determined in accordance with the following tables:\n (A) For taxable years beginning in two thousand five:\nIf the city taxable income is: The tax is:\nNot over $14,400
‹ Prev All New York sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.