N.Y. Tax Law § 869

Current through 2024 NY Law Chapter 456

Section 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.

N.Y. Tax Law § 869

Amended by New York Laws 2022, ch. 555,Sec. 14, eff. 8/31/2022, op. to tax years beginning on or after 1/1/2022.

Added by New York Laws 2022, ch. 59,Sec. MM-B-1, eff. 4/9/2022, op. to taxable years beginning on or after 1/1/2022.

See New York Laws 2022, ch. 555, Sec. 15.