New York Tax Law (Consolidated Laws)
N.Y. Tax Law § 869
Imposition and rate of tax
Official textnysenate.govlast amended
§ 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.
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In this article (7 sections)
- 867 · Definitions
- 868 · City pass-through entity tax election
- 869 · Imposition and rate of tax
- 870 · City pass-through entity tax credit
- 871 · Payment of estimated tax
- 872 · Filing of return and payment of tax
- 873 · Procedural and administrative provisions