## Legislation

SECTION 601

Imposition of tax

Tax (TAX) CHAPTER 60, ARTICLE 22, PART 1

§ 601. Imposition of tax. (a) Resident married individuals filing

joint returns and resident surviving spouses. There is hereby imposed

for each taxable year on the New York taxable income of every resident

married individual who makes a single return jointly with his spouse

under subsection (b) of section six hundred fifty-one and on the New

York taxable income of every resident surviving spouse a tax determined

in accordance with the following tables:

(1) (A) For taxable years beginning after two thousand eleven and

before two thousand eighteen:

If the New York taxable income is: The tax is:

Not over $16,000 4% of taxable income

Over $16,000 but not over $22,000 $640 plus 4.5% of excess over

$16,000

Over $22,000 but not over $26,000 $910 plus 5.25% of excess over

$22,000

Over $26,000 but not over $40,000 $1,120 plus 5.90% of excess over

$26,000

Over $40,000 but not over $150,000 $1,946 plus 6.45% of excess over

$40,000

Over $150,000 but not over $300,000 $9,041 plus 6.65% of excess over

$150,000

Over $300,000 but not over $2,000,000 $19,016 plus 6.85% of excess over

$300,000

Over $2,000,000 $135,466 plus 8.82% of excess over

$2,000,000

(B)(i) For taxable years beginning in two thousand eighteen the

following rates shall apply:

If the New York taxable income is: The tax is:

Not over $17,150 4% of the New York taxable

income

Over $17,150 but not over $23,600 $686 plus 4.5% of excess over

$17,150

Over $23,600 but not over $27,900 $976 plus 5.25% of excess over

$23,600

Over $27,900 but not over $43,000 $1,202 plus 5.9% of excess over

$27,900

Over $43,000 but not over $161,550 $2,093 plus 6.33% of excess over

$43,000

Over $161,550 but not over $323,200 $9,597 plus 6.57% of excess over

$161,550

Over $323,200 but not over $2,155,350 $20,218 plus 6.85% of excess over

$323,200

Over $2,155,350 $145,720 plus 8.82% of excess over

$2,155,350

(ii) For taxable years beginning in two thousand nineteen the

following rates shall apply:

If the New York taxable income is: The tax is:

Not over $17,150 4% of the New York taxable

income

Over $17,150 but not over $23,600 $686 plus 4.5% of excess over

$17,150

Over $23,600 but not over $27,900 $976 plus 5.25% of excess over

$23,600

Over $27,900 but not over $43,000 $1,202 plus 5.9% of excess over

$27,900

Over $43,000 but not over $161,550 $2,093 plus 6.21% of excess over

$43,000

Over $161,550 but not over $323,200 $9,455 plus 6.49% of excess over

$161,550

Over $323,200 but not over $2,155,350 $19,946 plus 6.85% of excess over

$323,200

Over $2,155,350 $145,448 plus 8.82% of excess over

$2,155,350

(iii) For taxable years beginning in two thousand twenty the following

rates shall apply:

If the New York taxable income is: The tax is:

Not over $17,150 4% of the New York taxable income

Over $17,150 but not over $23,600 $686 plus 4.5% of excess over

$17,150

Over $23,600 but not over $27,900 $976 plus 5.25% of excess over

$23,600

Over $27,900 but not over $43,000 $1,202 plus 5.9% of excess over

$27,900

Over $43,000 but not over $161,550 $2,093 plus 6.09% of excess over

$43,000

Over $161,550 but not over $323,200 $9,313 plus 6.41% of excess over

$161,550

Over $323,200 but not over $19,674 plus 6.85% of excess

$2,155,350 $323,200 over

Over $2,155,350 $145,177 plus 8.82% of excess over

$2,155,350

(iv) For taxable years beginning in two thousand twenty-one the

following rates shall apply:

If the New York taxable income is: The tax is:

Not over $17,150 4% of the New York taxable income

Over $17,150 but not over $23,600 $686 plus 4.5% of excess over

$17,150

Over $23,600 but not over $27,900 $976 plus 5.25% of excess over

$23,600

Over $27,900 but not over $43,000 $1,202 plus 5.9% of excess over

$27,900

Over $43,000 but not over $161,550 $2,093 plus 5.97% of excess over

$43,000

Over $161,550 but not over $323,200 $9,170 plus 6.33% of excess over

$161,550

Over $323,200 but not over $19,403 plus 6.85% of excess

$2,155,350 over $323,200

Over $2,155,350 but not over $144,905 plus 9.65% of excess over

$5,000,000 $2,155,350

Over $5,000,000 but not over $419,414 plus 10.30% of excess over

$25,000,000 $5,000,000

Over $25,000,000 $2,479,414 plus 10.90% of excess over

$25,000,000

(v) For taxable years beginning in two thousand twenty-two the

following rates shall apply:

If the New York taxable income is: The tax is:

Not over $17,150 4% of the New York taxable income

Over $17,150 but not over $23,600 $686 plus 4.5% of excess over

$17,150

Over $23,600 but not over $27,900 $976 plus 5.25% of excess over

$23,600

Over $27,900 but not over $161,550 $1,202 plus 5.85% of excess over

$27,900

Over $161,550 but not over $323,200 $9,021 plus 6.25% of excess over

$161,550

Over $323,200 but not over $19,124 plus

$2,155,350 6.85% of excess over $323,200

Over $2,155,350 but not over $144,626 plus 9.65% of excess over

$5,000,000 $2,155,350

Over $5,000,000 but not over $419,135 plus 10.30% of excess over

$25,000,000 $5,000,000

Over $25,000,000 $2,479,135 plus 10.90% of excess over

$25,000,000

(vi) For taxable years beginning in two thousand twenty-three and

before two thousand twenty-eight the following rates shall apply:

If the New York taxable income is: The tax is:

Not over $17,150 4% of the New York taxable income

Over $17,150 but not over $23,600 $686 plus 4.5% of excess over

$17,150

Over $23,600 but not over $27,900 $976 plus 5.25% of excess over

$23,600

Over $27,900 but not over $161,550 $1,202 plus 5.5% of excess over

$27,900

Over $161,550 but not over $323,200 $8,553 plus 6.00% of excess over

$161,550

Over $323,200 but not over $18,252 plus 6.85% of excess over

$2,155,350 $323,200

Over $2,155,350 but not over $143,754 plus 9.65% of excess over

$5,000,000 $2,155,350

Over $5,000,000 but not over $418,263 plus 10.30% of excess over

$25,000,000 $5,000,000

Over $25,000,000 $2,478,263 plus 10.90% of excess over

$25,000,000

(vii) For taxable years beginning after two thousand twenty-seven the

following rates shall apply:

If the New York taxable income is: The tax is:

Not over $17,150 4% of the New York taxable income

Over $17,150 but not over $23,600 $686 plus 4.5% of excess over

$17,150

Over $23,600 but not over $27,900 $976 plus 5.25% of excess over

$23,600

Over $27,900 but not over $161,550 $1,202 plus 5.5% of excess over

$27,900

Over $161,550 but not over $323,200 $8,553 plus 6.00% of excess

over $161,550

Over $323,200 but not over $18,252 plus 6.85% of excess

$2,155,350 over $323,200

Over $2,155,350 $143,754 plus 8.82% of excess

over $2,155,350

(1-a) For taxable years beginning after two thousand eight and before

two thousand twelve:

If the New York taxable income is: The tax is:

Not over $16,000 4% of the New York taxable

income

Over $16,000 but not over $22,000 $640 plus 4.5% of excess over

$16,000

Over $22,000 but not over $26,000 $910 plus 5.25% of excess over

$22,000

Over $26,000 but not over $40,000 $1,120 plus 5.9% of excess over

$26,000

Over $40,000 but not over $300,000 $1,946 plus 6.85% of excess over

$40,000

Over $300,000 but not over $500,000 $19,756 plus 7.85% of excess over

$300,000

Over $500,000 $35,456 plus 8.97% of excess over

$500,000

(2) For taxable years beginning after two thousand five and before two

thousand nine:

If the New York taxable income is: The tax is:

Not over $16,000 4% of the New York taxable

income

Over $16,000 but not over $22,000 $640 plus 4.5% of excess over

$16,000

Over $22,000 but not over $26,000 $910 plus 5.25% of excess over

$22,000

Over $26,000 but not over $40,000 $1,120 plus 5.9% of excess over

$26,000

Over $40,000 $1,946 plus 6.85% of excess over

$40,000

(3) For taxable years beginning in two thousand five:

If the New York taxable income is: The tax is:

Not over $16,000 4% of the New York taxable

income

Over $16,000 but not over $22,000 $640 plus 4.5% of excess over

$16,000

Over $22,000 but not over $26,000 $910 plus 5.25% of excess over

$22,000

Over $26,000 but not over $40,000 $1,120 plus 5.9% of excess over

$26,000

Over $40,000 but not over $150,000 $1,946 plus 6.85% of excess over

$40,000

Over $150,000 but not over $500,000 $9,481 plus 7.25% of excess over

$150,000

Over $500,000 $34,856 plus 7.7% of excess over

$500,000

(4) For taxable years beginning in two thousand four:

If the New York taxable income is: The tax is:

Not over $16,000 4% of the New York taxable

income

Over $16,000 but not over $22,000 $640 plus 4.5% of excess over

$16,000

Over $22,000 but not over $26,000 $910 plus 5.25% of excess over

$22,000

Over $26,000 but not over $40,000 $1,120 plus 5.9% of excess over

$26,000

Over $40,000 but not over $150,000 $1,946 plus 6.85% of excess over

$40,000

Over $150,000 but not over $500,000 $9,481 plus 7.375% of excess over

$150,000

Over $500,000 $35,294 plus 7.7% of excess over

$500,000

(5) For taxable years beginning in two thousand three:

If the New York taxable income is: The tax is:

Not over $16,000 4% of the New York taxable

income

Over $16,000 but not over $22,000 $640 plus 4.5% of excess over

$16,000

Over $22,000 but not over $26,000 $910 plus 5.25% of excess over

$22,000

Over $26,000 but not over $40,000 $1,120 plus 5.9% of excess over

$26,000

Over $40,000 but not over $150,000 $1,946 plus 6.85% of excess over

$40,000

Over $150,000 but not over $500,000 $9,481 plus 7.5% of excess over

$150,000

Over $500,000 $35,731 plus 7.7% of excess over

$500,000

(6) For taxable years beginning after nineteen hundred ninety-six and

before two thousand three:

If the New York taxable income is: The tax is:

Not over $16,000 4% of the New York taxable

income

Over $16,000 but not over $22,000 $640 plus 4.5% of excess over

$16,000

Over $22,000 but not over $26,000 $910 plus 5.25% of excess over

$22,000

Over $26,000 but not over $40,000 $1,120 plus 5.9% of excess over

$26,000

Over $40,000 $1,946 plus 6.85% of excess over

$40,000

(7) For taxable years beginning in nineteen hundred ninety-six:

If the New York taxable income is: The tax is:

Not over $11,000 4% of the New York taxable

income

Over $11,000 but not over $16,000 $440 plus 5% of excess over

$11,000

Over $16,000 but not over $22,000 $690 plus 6% of excess over

$16,000

Over $22,000 $1,050 plus 7% of excess over

$22,000

(8) For taxable years beginning in nineteen hundred ninety-five:

If the New York taxable income is: The tax is:

Not over $13,000 4.55% of the New York taxable

income

Over $13,000 but not over $19,000 $592 plus 5.55% of excess over

$13,000

Over $19,000 but not over $25,000 $925 plus 6.55% of excess over

$19,000

Over $25,000 $1,318 plus 7.5% of excess over

$25,000

(9) For taxable years beginning after nineteen hundred eighty-nine and

before nineteen hundred ninety-five:

If the New York taxable income is: The tax is:

Not over $11,000 4% of the New York taxable

income

Over $11,000 but not over $16,000 $440 plus 5% of excess over

$11,000

Over $16,000 but not over $22,000 $690 plus 6% of excess over

$16,000

Over $22,000 but not over $26,000 $1,050 plus 7% of excess over

$22,000

Over $26,000 $1,330 plus 7.875% of excess over

$26,000

(b) Resident heads of households. There is hereby imposed for each

taxable year on the New York taxable income of every resident head of a

household a tax determined in accordance with the following tables:

(1) (A) For taxable years beginning after two thousand eleven and

before two thousand eighteen:

If the New York taxable income is: The tax is:

Not over $12,000 4% of taxable income

Over $12,000 but not over $16,500 $480 plus 4.5% of excess over

$12,000

Over $16,500 but not over $19,500 $683 plus 5.25% of excess over

$16,500

Over $19,500 but not over $30,000 $840 plus 5.90% of excess over

$19,500

Over $30,000 but not over $100,000 $1,460 plus 6.45% of excess over

$30,000

Over $100,000 but not over $250,000 $5,975 plus 6.65% of excess over

$100,000

Over $250,000 but not over $1,500,000 $15,950 plus 6.85% of excess over

$250,000

Over $1,500,000 $101,575 plus 8.82% of excess over

$1,500,000

(B)(i) For taxable years beginning in two thousand eighteen the

following rates shall apply:

If the New York taxable income is: The tax is:

Not over $12,800 4% of the New York taxable income

Over $12,800 but not over $17,650 $512 plus 4.5% of excess over $12,800

Over $17,650 but not over $20,900 $730 plus 5.25% of excess over

$17,650

Over $20,900 but not over $32,200 $901 plus 5.9% of excess over $20,900

Over $32,200 but not over $107,650 $1,568 plus 6.33% of excess over

$32,200

Over $107,650 but not over $269,300 $6,344 plus 6.57% of excess over

$107,650

Over $269,300 but not over $1,616,450 $16,964 plus 6.85% of excess over

$269,300

Over $1,616,450 $109,244 plus 8.82% of excess over

$1,616,450

(ii) For taxable years beginning in two thousand nineteen the

following rates shall apply:

If the New York taxable income is: The tax is:

Not over $12,800 4% of the New York taxable income

Over $12,800 but not over $17,650 $512 plus 4.5% of excess over $12,800

Over $17,650 but not over $20,900 $730 plus 5.25% of excess over

$17,650

Over $20,900 but not over $32,200 $901 plus 5.9% of excess over $20,900

Over $32,200 but not over $107,650 $1,568 plus 6.21% of excess over

$32,200

Over $107,650 but not over $269,300 $6,253 plus 6.49% of excess over

$107,650

Over $269,300 but not over $1,616,450 $16,744 plus 6.85% of excess over

$269,300

Over $1,616,450 $109,024 plus 8.82% of excess over

$1,616,450

(iii) For taxable years beginning in two thousand twenty the following

rates shall apply:

If the New York taxable income is: The tax is:

Not over $12,800 4% of the New York taxable income

Over $12,800 but not over $17,650 $512 plus 4.5% of excess over $12,800

Over $17,650 but not over $20,900 $730 plus 5.25% of excess over

$17,650

Over $20,900 but not over $32,200 $901 plus 5.9% of excess over $20,900

Over $32,200 but not over $107,650 $1,568 plus 6.09% of excess over

$32,200

Over $107,650 but not over $269,300 $6,162 plus 6.41% of excess over

$107,650

Over $269,300 but not over $16,524 plus 6.85% of

$1,616,450 excess over $269,300

Over $1,616,450 $108,804 plus 8.82% of excess over

$1,616,450

(iv) For taxable years beginning in two thousand twenty-one the

following rates shall apply:

If the New York taxable income is: The tax is:

Not over $12,800 4% of the New York taxable income

Over $12,800 but not over $17,650 $512 plus 4.5% of excess over

$12,800

Over $17,650 but not over $20,900 $730 plus 5.25% of excess over

$17,650

Over $20,900 but not over $32,200 $901 plus 5.9% of excess over

$20,900

Over $32,200 but not over $107,650 $1,568 plus 5.97% of excess over

$32,200

Over $107,650 but not over $269,300 $6,072 plus 6.33% of excess over

$107,650

Over $269,300 but not over $16,304 plus 6.85% of excess over

$1,616,450 $269,300

Over $1,616,450 but not over $108,584 plus 9.65% of excess over

$5,000,000 $1,616,450

Over $5,000,000 but not over $435,097 plus 10.30% of excess over

$25,000,000 $5,000,000

Over $25,000,000 $2,495,097 plus 10.90% of excess over

$25,000,000

(v) For taxable years beginning in two thousand twenty-two the

following rates shall apply:

If the New York taxable income is: The tax is:

Not over $12,800 4% of the New York taxable income

Over $12,800 but not over $17,650 $512 plus 4.5% of excess over

$12,800

Over $17,650 but not over $20,900 $730 plus 5.25% of excess over

$17,650

Over $20,900 but not over $107,650 $901 plus 5.85% of excess over

$20,900

Over $107,650 but not over $269,300 $5,976 plus 6.25% of excess over

$107,650

Over $269,300 but not over $16,079 plus 6.85% of excess

$1,616,450 over $269,300

Over $1,616,450 but not over $108,359 plus 9.65% of excess over

$5,000,000 $1,616,450

Over $5,000,000 but not over $434,871 plus 10.30% of excess over

$25,000,000 $5,000,000

Over $25,000,000 $2,494,871 plus 10.90% of excess over

$25,000,000

(vi) For taxable years beginning in two thousand twenty-three and

before two thousand twenty-eight the following rates shall apply:

If the New York taxable income is: The tax is:

Not over $12,800 4% of the New York taxable income

Over $12,800 but not over $17,650 $512 plus 4.5% of excess over

$12,800

Over $17,650 but not over $20,900 $730 plus 5.25% of excess over

$17,650

Over $20,900 but not over $107,650 $901 plus 5.5% of excess over

$20,900

Over $107,650 but not over $269,300 $5,672 plus 6.00% of excess over

$107,650

Over $269,300 but not over $15,371 plus 6.85% of excess over

$1,616,450 $269,300

Over $1,616,450 but not over $107,651 plus 9.65% of excess over

$5,000,000 $1,616,450

Over $5,000,000 but not over $434,163 plus 10.30% of excess over

$25,000,000 $5,000,000

Over $25,000,000 $2,494,163 plus 10.90% of excess over

$25,000,000

(vii) For taxable years beginning after two thousand twenty-seven the

following rates shall apply:

If the New York taxable income is: The tax is:

Not over $12,800 4% of the New York taxable income

Over $12,800 but not over $512 plus 4.5% of excess over

$17,650 $12,800

Over $17,650 but not over $730 plus 5.25% of excess over

$20,900 $17,650

Over $20,900 but not over $901 plus 5.5% of excess over

$107,650 $20,900

Over $107,650 but not over $5,672 plus 6.00% of excess

$269,300 over $107,650

Over $269,300 but not over $15,371 plus 6.85% of excess

$1,616,450 over $269,300

Over $1,616,450 $107,651 plus 8.82% of excess

over $1,616,450

(1-a) For taxable years beginning after two thousand eight and before

two thousand twelve:

If the New York taxable income is: The tax is:

Not over $11,000 4% of the New York taxable

income

Over $11,000 but not over $15,000 $440 plus 4.5% of excess over

$11,000

Over $15,000 but not over $17,000 $620 plus 5.25% of excess over

$15,000

Over $17,000 but not over $30,000 $725 plus 5.9% of excess over

$17,000

Over $30,000 but not over $250,000 $1,492 plus 6.85% of excess over

$30,000

Over $250,000 but not over $500,000 $16,562 plus 7.85% of excess over

$250,000

Over $500,000 $36,187 plus 8.97% of excess over

$500,000

(2) For taxable years beginning after two thousand five and before two

thousand nine:

If the New York taxable income is: The tax is:

Not over $11,000 4% of the New York taxable

income

Over $11,000 but not over $15,000 $440 plus 4.5% of excess over

$11,000

Over $15,000 but not over $17,000 $620 plus 5.25% of excess over

$15,000

Over $17,000 but not over $30,000 $725 plus 5.9% of excess over

$17,000

Over $30,000 $1,492 plus 6.85% of excess over

$30,000

(3) For taxable years beginning in two thousand five:

If the New York taxable income is: The tax is:

Not over $11,000 4% of the New York taxable

income

Over $11,000 but not over $15,000 $440 plus 4.5% of excess over

$11,000

Over $15,000 but not over $17,000 $620 plus 5.25% of excess over

$15,000

Over $17,000 but not over $30,000 $725 plus 5.9% of excess over

$17,000

Over $30,000 but not over $125,000 $1,492 plus 6.85% of excess over

$30,000

Over $125,000 but not over $500,000 $8,000 plus 7.25% of excess over

$125,000

Over $500,000 $35,187 plus 7.7% of excess over

$500,000

(4) For taxable years beginning in two thousand four:

If the New York taxable income is: The tax is:

Not over $11,000 4% of the New York taxable

income

Over $11,000 but not over $15,000 $440 plus 4.5% of excess over

$11,000

Over $15,000 but not over $17,000 $620 plus 5.25% of excess over

$15,000

Over $17,000 but not over $30,000 $725 plus 5.9% of excess over

$17,000

Over $30,000 but not over $125,000 $1,492 plus 6.85% of excess over

$30,000

Over $125,000 but not over $500,000 $8,000 plus 7.375% of excess over

$125,000

Over $500,000 $35,656 plus 7.7% of excess over

$500,000

(5) For taxable years beginning in two thousand three:

If the New York taxable income is: The tax is:

Not over $11,000 4% of the New York taxable

income

Over $11,000 but not over $15,000 $440 plus 4.5% of excess over

$11,000

Over $15,000 but not over $17,000 $620 plus 5.25% of excess over

$15,000

Over $17,000 but not over $30,000 $725 plus 5.9% of excess over

$17,000

Over $30,000 but not over $125,000 $1,492 plus 6.85% of excess over

$30,000

Over $125,000 but not over $500,000 $8,000 plus 7.5% of excess over

$125,000

Over $500,000 $36,125 plus 7.7% of excess over

$500,000

(6) For taxable years beginning after nineteen hundred ninety-six and

before two thousand three:

If the New York taxable income is: The tax is:

Not over $11,000 4% of the New York taxable

income

Over $11,000 but not over $15,000 $440 plus 4.5% of excess over

$11,000

Over $15,000 but not over $17,000 $620 plus 5.25% of excess over

$15,000

Over $17,000 but not over $30,000 $725 plus 5.9% of excess over

$17,000

Over $30,000 $1,492 plus 6.85% of excess over

$30,000

(7) For taxable years beginning in nineteen hundred ninety-six:

If the New York taxable income is: The tax is:

Not over $7,500 4% of the New York taxable

income

Over $7,500 but not over $11,000 $300 plus 5% of excess over

$7,500

Over $11,000 but not over $15,000 $475 plus 6% of excess over

$11,000

Over $15,000 $ 715 plus 7% of excess over

$15,000

(8) For taxable years beginning in nineteen hundred ninety-five:

If the New York taxable income is: The tax is:

Not over $9,000 4.55% of the New York taxable

income

Over $9,000 but not over $14,000 $410 plus 5.55% of excess over

$9,000

Over $14,000 but not over $19,000 $687 plus 6.55% of excess over

$14,000

Over $19,000 $1,015 plus 7.5% of excess over

$19,000

(9) For taxable years beginning after nineteen hundred eighty-nine and

before nineteen hundred ninety-five:

If the New York taxable income is: The tax is:

Not over $7,500 4% of the New York taxable

income

Over $7,500 but not over $11,000 $300 plus 5% of excess over

$7,500

Over $11,000 but not over $15,000 $475 plus 6% of excess over

$11,000

Over $15,000 but not over $17,000 $715 plus 7% of excess over

$15,000

Over $17,000 $855 plus 7.875% of excess over

$17,000

(c) Resident unmarried individuals, resident married individuals

filing separate returns and resident estates and trusts. There is hereby

imposed for each taxable year on the New York taxable income of every

resident individual who is not a married individual who makes a single

return jointly with his spouse under subsection (b) of section six

hundred fifty-one or a resident head of a household or a resident

surviving spouse, and on the New York taxable income of every resident

estate and trust a tax determined in accordance with the following

tables:

(1) (A) For taxable years beginning after two thousand eleven and

before two thousand eighteen:

If the New York taxable income is: The tax is:

Not over $8,000 4% of taxable income

Over $8,000 but not over $11,000 $320 plus 4.5% of excess over

$8,000

Over $11,000 but not over $13,000 $455 plus 5.25% of excess over

$11,000

Over $13,000 but not over $20,000 $560 plus 5.90% of excess over

$13,000

Over $20,000 but not over $75,000 $973 plus 6.45% of excess over

$20,000

Over $75,000 but not over $200,000 $4,521 plus 6.65% of excess over

$75,000

Over $200,000 but not over $1,000,000 $12,833 plus 6.85% of excess over

$200,000

Over $1,000,000 $67,633 plus 8.82% of excess over

$1,000,000

(B)(i) For taxable years beginning in two thousand eighteen the

following rates shall apply:

If the New York taxable income is: The tax is:

Not over $8,500 4% of the New York taxable income

Over $8,500 but not over $11,700 $340 plus 4.5% of excess over

$8,500

Over $11,700 but not over $13,900 $484 plus 5.25% of excess over

$11,700

Over $13,900 but not over $21,400 $600 plus 5.9% of excess over

$13,900

Over $21,400 but not over $80,650 $1,042 plus 6.33% of excess over

$21,400

Over $80,650 but not over $215,400 $4,793 plus 6.57% of excess over

$80,650

Over $215,400 but not over $1,077,550 $13,646 plus 6.85% of excess over

$215,400

Over $1,077,550 $72,703 plus 8.82% of excess over

$1,077,550

(ii) For taxable years beginning in two thousand nineteen the

following rates shall apply:

If the New York taxable income is: The tax is:

Not over $8,500 4% of the New York taxable income

Over $8,500 but not over $11,700 $340 plus 4.5% of excess over

$8,500

Over $11,700 but not over $13,900 $484 plus 5.25% of excess over

$11,700

Over $13,900 but not over $21,400 $600 plus 5.9% of excess over

$13,900

Over $21,400 but not over $80,650 $1,042 plus 6.21% of excess over

$21,400

Over $80,650 but not over $215,400 $4,721 plus 6.49% of excess over

$80,650

Over $215,400 but not over $1,077,550 $13,467 plus 6.85% of excess over

$215,400

Over $1,077,550 $72,524 plus 8.82% of excess over

$1,077,550

(iii) For taxable years beginning in two thousand twenty the following

rates shall apply:

If the New York taxable income is: The tax is:

Not over $8,500 4% of the New York taxable income

Over $8,500 but not over $11,700 $340 plus 4.5% of excess over

$8,500

Over $11,700 but not over $13,900 $484 plus 5.25% of excess over

$11,700

Over $13,900 but not over $21,400 $600 plus 5.9% of excess over

$13,900

Over $21,400 but not over $80,650 $1,042 plus 6.09% of excess over

$21,400

Over $80,650 but not over $215,400 $4,650 plus 6.41% of excess over

$80,650

Over $215,400 but not over $13,288 plus 6.85% of excess

$1,077,550 over $215,400

Over $1,077,550 $72,345 plus 8.82% of excess over

$1,077,550

(iv) For taxable years beginning in two thousand twenty-one the

following rates shall apply:

If the New York taxable income is: The tax is:

Not over $8,500 4% of the New York taxable income

Over $8,500 but not over $11,700 $340 plus 4.5% of excess over

$8,500

Over $11,700 but not over $13,900 $484 plus 5.25% of excess over

$11,700

Over $13,900 but not over $21,400 $600 plus 5.9% of excess over

$13,900

Over $21,400 but not over $80,650 $1,042 plus 5.97% of excess over

$21,400

Over $80,650 but not over $215,400 $4,579 plus 6.33% of excess over

$80,650

Over $215,400 but not over $13,109 plus 6.85% of excess

$1,077,550 over $215,400

Over $1,077,550 but not over $72,166 plus 9.65% of excess over

$5,000,000 $1,077,550

Over $5,000,000 but not over $450,683 plus 10.30% of excess over

$25,000,000 $5,000,000

Over $25,000,000 $2,510,683 plus 10.90% of excess over

$25,000,000

(v) For taxable years beginning in two thousand twenty-two the

following rates shall apply:

If the New York taxable income is: The tax is:

Not over $8,500 4% of the New York taxable income

Over $8,500 but not over $11,700 $340 plus 4.5% of excess over

$8,500

Over $11,700 but not over $13,900 $484 plus 5.25% of excess over

$11,700

Over $13,900 but not over $80,650 $600 plus 5.85% of excess over

$13,900

Over $80,650 but not over $215,400 $4,504 plus 6.25% of excess over

$80,650

Over $215,400 but not over $12,926 plus 6.85% of excess

$1,077,550 over $215,400

Over $1,077,550 but not over $71,984 plus 9.65% of excess over

$5,000,000 $1,077,550

Over $5,000,000 but not over $450,500 plus 10.30% of excess over

$25,000,000 $5,000,000

Over $25,000,000 $2,510,500 plus 10.90% of excess over

$25,000,000

(vi) For taxable years beginning in two thousand twenty-three and

before two thousand twenty-eight the following rates shall apply:

If the New York taxable income is: The tax is:

Not over $8,500 4% of the New York taxable income

Over $8,500 but not over $11,700 $340 plus 4.5% of excess over

$8,500

Over $11,700 but not over $13,900 $484 plus 5.25% of excess over

$11,700

Over $13,900 but not over $80,650 $600 plus 5.50% of excess over

$13,900

Over $80,650 but not over $215,400 $4,271 plus 6.00% of excess over

$80,650

Over $215,400 but not over $12,356 plus 6.85% of excess over

$1,077,550 $215,400

Over $1,077,550 but not over $71,413 plus 9.65% of excess over

$5,000,000 $1,077,550

Over $5,000,000 but not over $449,929 plus 10.30% of excess over

$25,000,000 $5,000,000

Over $25,000,000 $2,509,929 plus 10.90% of excess over

$25,000,000

(vii) For taxable years beginning after two thousand twenty-seven the

following rates shall apply:

If the New York taxable income is: The tax is:

Not over $8,500 4% of the New York taxable income

Over $8,500 but not over $11,700 $340 plus 4.5% of excess over

$8,500

Over $11,700 but not over $13,900 $484 plus 5.25% of excess over

$11,700

Over $13,900 but not over $80,650 $600 plus 5.50% of excess over

$13,900

Over $80,650 but not over $215,400 $4,271 plus 6.00% of excess

over $80,650

Over $215,400 but not over $12,356 plus 6.85% of excess

$1,077,550 over $215,400

Over $1,077,550 $71,413 plus 8.82% of excess

over $1,077,550

(1-a) For taxable years beginning after two thousand eight and before

two thousand twelve:

If the New York taxable income is: The tax is:

Not over $8,000 4% of the New York taxable

income

Over $8,000 but not over $11,000 $320 plus 4.5% of excess over

$8,000

Over $11,000 but not over $13,000 $455 plus 5.25% of excess over

$11,000

Over $13,000 but not over $20,000 $560 plus 5.9% of excess over

$13,000

Over $20,000 but not over $200,000 $973 plus 6.85% of excess over

$20,000

Over $200,000 but not over $500,000 $13,303 plus 7.85% of excess over

$200,000

Over $500,000 $36,853 plus 8.97% of excess over

$500,000

(2) For taxable years beginning after two thousand five and before two

thousand nine:

If the New York taxable income is: The tax is:

Not over $8,000 4% of the New York taxable

income

Over $8,000 but not over $11,000 $320 plus 4.5% of excess over

$8,000

Over $11,000 but not over $13,000 $455 plus 5.25% of excess over

$11,000

Over $13,000 but not over $20,000 $560 plus 5.9% of excess over

$13,000

Over $20,000 $973 plus 6.85% of excess over

$20,000

(3) For taxable years beginning in two thousand five:

If the New York taxable income is: The tax is:

Not over $8,000 4% of the New York taxable

income

Over $8,000 but not over $11,000 $320 plus 4.5% of excess over

$8,000

Over $11,000 but not over $13,000 $455 plus 5.25% of excess over

$11,000

Over $13,000 but not over $20,000 $560 plus 5.9% of excess over

$13,000

Over $20,000 but not over $100,000 $973 plus 6.85% of excess over

$20,000

Over $100,000 but not over $500,000 $6,453 plus 7.25% of excess over

$100,000

Over $500,000 $35,453 plus 7.7% of excess over

$500,000

(4) For taxable years beginning in two thousand four:

If the New York taxable income is: The tax is:

Not over $8,000 4% of the New York taxable

income

Over $8,000 but not over $11,000 $320 plus 4.5% of excess over

$8,000

Over $11,000 but not over $13,000 $455 plus 5.25% of excess over

$11,000

Over $13,000 but not over $20,000 $560 plus 5.9% of excess over

$13,000

Over $20,000 but not over $100,000 $973 plus 6.85% of excess over

$20,000

Over $100,000 but not over $500,000 $6,453 plus 7.375% of excess over

$100,000

Over $500,000 $35,953 plus 7.7% of excess over

$500,000

(5) For taxable years beginning in two thousand three:

If the New York taxable income is: The tax is:

Not over $8,000 4% of the New York taxable

income

Over $8,000 but not over $11,000 $320 plus 4.5% of excess over

$8,000

Over $11,000 but not over $13,000 $455 plus 5.25% of excess over

$11,000

Over $13,000 but not over $20,000 $560 plus 5.9% of excess over

$13,000

Over $20,000 but not over $100,000 $973 plus 6.85% of excess over

$20,000

Over $100,000 but not over $500,000 $6,453 plus 7.5% of excess over

$100,000

Over $500,000 $36,453 plus 7.7% of excess over

$500,000

(6) For taxable years beginning after nineteen hundred ninety-six and

before two thousand three:

If the New York taxable income is: The tax is:

Not over $8,000 4% of the New York taxable

income

Over $8,000 but not over $11,000 $320 plus 4.5% of excess over

$8,000

Over $11,000 but not over $13,000 $455 plus 5.25% of excess over

$11,000

Over $13,000 but not over $20,000 $560 plus 5.9% of excess over

$13,000

Over $20,000 $973 plus 6.85% of excess over

$20,000

(7) For taxable years beginning in nineteen hundred ninety-six:

If the New York taxable income is: The tax is:

Not over $5,500 4% of the New York taxable

income

Over $5,500 but not over $8,000 $220 plus 5% of excess over

$5,500

Over $8,000 but not over $11,000 $345 plus 6% of excess over

$8,000

Over $11,000 $525 plus 7% of excess over

$11,000

(8) For taxable years beginning in nineteen hundred ninety-five:

If the New York taxable income is: The tax is:

Not over $6,500 4.55% of the New York taxable

income

Over $6,500 but not over $9,500 $296 plus 5.55% of excess over

$6,500

Over $9,500 but not over $12,500 $462 plus 6.55% of excess over

$9,500

Over $12,500 $659 plus 7.5% of excess over

$12,500

(9) For taxable years beginning after nineteen hundred eighty-nine and

before nineteen hundred ninety-five:

If the New York taxable

income is: The tax is:

Not over $5,500 4% of the New York taxable

income

Over $5,500 but not over $8,000 $220 plus 5% of excess over

$5,500

Over $8,000 but not over $11,000 $345 plus 6% of excess over

$8,000

Over $11,000 but not over $13,000 $525 plus 7% of excess over

$11,000

Over $13,000 $665 plus 7.875% of excess over

$13,000

(d) Tax table benefit recapture. For taxable years beginning after

nineteen hundred ninety, there is hereby imposed a supplemental tax in

addition to the tax imposed under subsections (a), (b) and (c) of this

section for the purpose of recapturing the benefit of the tax tables

contained in such subsections or section six hundred ninety-nine of this

article, as the case may be. The supplemental tax shall be an amount

equal to the sum of the tax table benefits in paragraphs one, two and

three of this subsection multiplied by their respective fractions in

such paragraphs provided, however, that paragraph two of this subsection

shall not apply to taxpayers that are not subject to the second highest

rate of tax.

(1) Resident married individuals filing joint returns, resident

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), (b) or (c), of this section, as the case may be, or in

section six hundred ninety-nine, as the case may be, not subject to the

6.85 percent rate of tax for the taxable year multiplied by such rate

and (ii) the dollar denominated tax for such amount of taxable income

set forth in the tax table applicable to the taxable year in subsection

(a), (b) or (c) of this section, as the case may be, or section six

hundred ninety-nine, as the case may be.

(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 thousand dollars and the

denominator is fifty thousand dollars.

(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), (b) or (c) of this section, as the case may be, 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), (b) or (c) of this

section, as the case may be, less the tax table benefit in paragraph one

of this subsection.

(B) For taxable years beginning after two thousand two and before two

thousand six, 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. For taxable years

beginning after two thousand eight and before two thousand twelve, 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 three hundred 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 and after two thousand

eight and before two thousand twelve.

(3) 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), (b) or (c) of this section, as the case may be, 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), (b) or (c)

of this section, as the case may be, less the sum of the tax table

benefits in paragraphs one and two of this subsection.

(B) For such taxpayers with adjusted gross income over five hundred

thousand dollars, for taxable years beginning after two thousand eight

and before two thousand twelve, 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 five hundred

thousand dollars and the denominator is fifty thousand dollars.

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 and after two thousand

eight and before two thousand twelve.

(d-1) Alternative tax table benefit recapture. Notwithstanding the

provisions of subsection (d) of this section, for taxable years

beginning after two thousand eleven, there is hereby imposed a

supplemental tax in addition to the tax imposed under subsections (a),

(b) and (c) of this section for the purpose of recapturing the benefit

of the tax tables contained in such subsections. During these taxable

years, any reference in this chapter to subsection (d) of this section

shall be read as a reference to this subsection.

(1) For resident married individuals filing joint returns and resident

surviving spouses, the supplemental tax shall be an amount equal to the

sum of the tax table benefits described in subparagraphs (A), (B), (C)

and (D) of this paragraph multiplied by their respective fractions in

such subparagraphs. Furthermore, in making the calculations described in

these subparagraphs in taxable years beginning after tax year two

thousand seventeen, the applicable tax rates specified in subparagraph

(B) of paragraph one of subsection (a) of this section shall be

substituted for the rates referenced in these subparagraphs.

(A) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(a) of this section not subject to the 6.45 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (a) of this section.

The fraction for this subparagraph 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 thousand

dollars and the denominator is fifty thousand dollars.

(B) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(a) of this section not subject to the 6.65 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (a) of this section

less the tax table benefit in subparagraph (A) of this paragraph. The

fraction for this subparagraph 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. Provided,

however, this subparagraph shall not apply to taxpayers who are not

subject to the 6.65 percent tax rate.

(C) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(a) of this section not subject to the 6.85 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (a) of this section

less the sum of the tax table benefit in subparagraphs (A) and (B) of

this paragraph. The fraction for this subparagraph 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 three

hundred thousand dollars and the denominator is fifty thousand dollars.

Provided, however, this subparagraph shall not apply to taxpayers who

are not subject to the 6.85 percent tax rate.

(D) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(a) of this section not subject to the 8.82 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (a) of this section

less the sum of the tax table benefits in subparagraphs (A), (B) and (C)

of this paragraph. The fraction for this subparagraph 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 two

million dollars and the denominator is fifty thousand dollars. This

subparagraph shall apply only to taxable years beginning on or after

January first, two thousand twelve and before January first, two

thousand twenty-one and for tax years beginning on or after January

first, two thousand twenty-eight.

(E) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(a) of this section not subject to the 9.65 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (a) of this section

less the sum of the tax table benefits in subparagraphs (A), (B), and

(C) of this paragraph. The fraction for this subparagraph is computed as

follows: the numerator is the lesser of fifty thousand dollars or excess

of New York adjusted gross income for the taxable year over two million

dollars and the denominator is fifty thousand dollars. This subparagraph

shall apply only to the taxable years beginning on or after January

first, two thousand twenty-one and before January first, two thousand

twenty-eight.

(F) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(a) of this section not subject to the 10.30 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (a) of this section

less the sum of the tax table benefits in subparagraphs (A), (B), (C)

and (E) of this paragraph. The fraction for this subparagraph is

computed as follows: the numerator is the lesser of fifty thousand

dollars or excess of New York adjusted gross income for the taxable year

over five million dollars and the denominator is fifty thousand dollars.

This subparagraph shall apply only to the taxable years beginning on or

after January first, two thousand twenty-one and before January first,

two thousand twenty-eight.

(G) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(a) of this section not subject to the 10.90 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (a) of this section

less the sum of the tax table benefits in subparagraphs (A), (B), (C),

(E) and (F) of this paragraph. The fraction for this subparagraph is

computed as follows: the numerator is the lesser of fifty thousand

dollars or excess of New York adjusted gross income for the taxable year

over twenty-five million dollars and the denominator is fifty thousand

dollars. This subparagraph shall apply only to the taxable years

beginning on or after January first, two thousand twenty-one and before

January first, two thousand twenty-eight.

(H) Provided, however, the total tax prior to the application of any

tax credits shall not exceed the highest rate of tax set forth in the

tax tables in subsection (a) of this section multiplied by the

taxpayer's taxable income.

(2) For resident heads of households, the supplemental tax shall be an

amount equal to the sum of the tax table benefits described in

subparagraphs (A), (B) and (C) of this paragraph multiplied by their

respective fractions in such subparagraphs. Furthermore, in making the

calculations described in these subparagraphs in taxable years beginning

after tax year two thousand seventeen, the applicable tax rates

specified in subparagraph (B) of paragraph one of subsection (b) of this

section shall be substituted for the rates referenced in these

subparagraphs.

(A) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(b) of this section not subject to the 6.65 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (b) of this section.

The fraction for this subparagraph 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 thousand

dollars and the denominator is fifty thousand dollars.

(B) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(b) of this section not subject to the 6.85 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (b) of this section

less the tax table benefit in subparagraph (A) of this paragraph. The

fraction for this subparagraph 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 two hundred fifty thousand

dollars and the denominator is fifty thousand dollars. Provided,

however, this subparagraph shall not apply to taxpayers who are not

subject to the 6.85 percent tax rate.

(C) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(b) of this section not subject to the 8.82 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (b) of this section

less the sum of the tax table benefits in subparagraphs (A) and (B) of

this paragraph. The fraction for this subparagraph 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

million five hundred thousand dollars and the denominator is fifty

thousand dollars. This subparagraph shall apply only to taxable years

beginning on or after January first, two thousand twelve and before

January first, two thousand twenty-one and for tax years beginning on or

after January first, two thousand twenty-eight.

(D) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(a) of this section not subject to the 9.65 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (a) of this section

less the sum of the tax table benefits in subparagraphs (A) and (B) of

this paragraph. The fraction for this subparagraph is computed as

follows: the numerator is the lesser of fifty thousand dollars or excess

of New York adjusted gross income for the taxable year over one million

five hundred thousand dollars and the denominator is fifty thousand

dollars. This subparagraph shall apply only to the taxable years

beginning on or after January first, two thousand twenty-one and before

January first, two thousand twenty-eight.

(E) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(a) of this section not subject to the 10.30 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (a) of this section

less the sum of the tax table benefits in subparagraphs (A), (B) and (D)

of this paragraph. The fraction for this subparagraph is computed as

follows: the numerator is the lesser of fifty thousand dollars or excess

of New York adjusted gross income for the taxable year over five million

dollars and the denominator is fifty thousand dollars. This subparagraph

shall apply only to the taxable years beginning on or after January

first, two thousand twenty-one and before January first, two thousand

twenty-eight.

(F) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(a) of this section not subject to the 10.90 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (a) of this section

less the sum of the tax table benefits in subparagraphs (A), (B), (D)

and (E) of this paragraph. The fraction for this subparagraph is

computed as follows: the numerator is the lesser of fifty thousand

dollars or excess of New York adjusted gross income for the taxable year

over twenty-five million dollars and the denominator is fifty thousand

dollars. This subparagraph shall apply only to the taxable years

beginning on or after January first, two thousand twenty-one and before

January first, two thousand twenty-eight.

(G) Provided, however, the total tax prior to the application of any

tax credits shall not exceed the highest rate of tax set forth in the

tax tables in subsection (b) of this section multiplied by the

taxpayer's taxable income.

(3) For resident unmarried individuals, resident married individuals

filing separate returns and resident estates and trusts, the

supplemental tax shall be an amount equal to the sum of the tax table

benefits described in subparagraphs (A), (B) and (C) of this paragraph

multiplied by their respective fractions in such subparagraphs.

Furthermore, in making the calculations described in these subparagraphs

in taxable years beginning after tax year two thousand seventeen, the

applicable tax rates specified in subparagraph (B) of paragraph one of

subsection (c) of this section shall be substituted for the rates

referenced in these subparagraphs.

(A) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(c) of this section not subject to the 6.65 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (c) of this section.

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 thousand dollars and the

denominator is fifty thousand dollars.

(B) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(c) of this section not subject to the 6.85 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (c) of this section

less the tax table benefit in subparagraph (A) of this paragraph. The

fraction for this subparagraph 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 two hundred thousand dollars and

the denominator is fifty thousand dollars. Provided, however, this

subparagraph shall not apply to taxpayers who are not subject to the

6.85 percent tax rate.

(C) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(c) of this section not subject to the 8.82 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (c) of this section

less the sum of the tax table benefits in subparagraphs (A) and (B) of

this paragraph. The fraction for this subparagraph 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

million dollars and the denominator is fifty thousand dollars. This

subparagraph shall apply only to taxable years beginning on or after

January first, two thousand twelve and before January first, two

thousand twenty-one and for tax years beginning on or after January

first, two thousand twenty-eight.

(D) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(a) of this section not subject to the 9.65 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (a) of this section

less the sum of the tax table benefits in subparagraphs (A) and (B) of

this paragraph. The fraction for this subparagraph is computed as

follows: the numerator is the lesser of fifty thousand dollars or excess

of New York adjusted gross income for the taxable year over one million

five hundred thousand dollars and the denominator is fifty thousand

dollars. This subparagraph shall apply only to the taxable years

beginning on or after January first, two thousand twenty-one and before

January first, two thousand twenty-eight.

(E) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(a) of this section not subject to the 10.30 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (a) of this section

less the sum of the tax table benefits in subparagraphs (A), (B) and (D)

of this paragraph. The fraction for this subparagraph is computed as

follows: the numerator is the lesser of fifty thousand dollars or excess

of New York adjusted gross income for the taxable year over five million

dollars and the denominator is fifty thousand dollars. This subparagraph

shall apply only to the taxable years beginning on or after January

first, two thousand twenty-one and before January first, two thousand

twenty-eight.

(F) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(a) of this section not subject to the 10.90 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (a) of this section

less the sum of the tax table benefits in subparagraphs (A), (B), (D)

and (E) of this paragraph. The fraction for this subparagraph is

computed as follows: the numerator is the lesser of fifty thousand

dollars or excess of New York adjusted gross income for the taxable year

over twenty-five million dollars and the denominator is fifty thousand

dollars. This subparagraph shall apply only to the taxable years

beginning on or after January first, two thousand twenty-one and before

January first, two thousand twenty-eight.

(G) Provided, however, the total tax prior to the application of any

tax credits shall not exceed the highest rate of tax set forth in the

tax tables in subsection (c) of this section multiplied by the

taxpayer's taxable income.

(d-2) Alternative tax table benefit recapture. Notwithstanding the

provisions of subsection (d) or (d-1) of this section, for taxable years

beginning on or after two thousand twenty-one and before two thousand

twenty-two, there is hereby imposed a supplemental tax in addition to

the tax imposed under subsections (a), (b) and (c) of this section for

the purpose of recapturing the benefit of the tax tables contained in

such subsections. During these taxable years, any reference in this

chapter to subsection (d) or (d-1) of this section shall be read as a

reference to this subsection.

(1) For resident married individuals filing joint returns and resident

surviving spouses:

(A) If New York adjusted gross income is greater than $107,650, but

not over $25,000,000:

(i) the recapture base and incremental benefit shall be determined by

New York taxable income as follows:

Greater than Not over Recapture Base Incremental Benefit

$43,000 $161,550 $0 $474

$161,550 $323,200 $474 $582

$323,200 $2,155,350 $1,056 $1,680

$2,155,350 $5,000,000 $2,736 $60,350

$5,000,000 $25,000,000 $63,086 $32,500

(ii) the applicable amount shall be determined by New York taxable

income as follows:

Greater than Not over Applicable Amount

$43,000 $161,550 New York adjusted gross income minus $107,650

$161,550 $323,200 New York adjusted gross income minus $161,550

$323,200 $2,155,350 New York adjusted gross income minus $323,200

$2,155,350 $5,000,000 New York adjusted gross income minus $2,155,350

$5,000,000 $25,000,000 New York adjusted gross income minus $5,000,000

(iii) the phase-in fraction shall be a fraction, the numerator of

which shall be the lesser of fifty thousand dollars or the applicable

amount and the denominator of which shall be fifty thousand dollars; and

(iv) the supplemental tax due shall equal the sum of the recapture

base and the product of (i) the incremental benefit and (ii) the

phase-in fraction. Provided, however, that if the New York taxable

income of the taxpayer is less than forty-three thousand dollars, the

supplemental tax shall equal the difference between the product of 5.97

percent and New York taxable income and the tax table computation on the

New York taxable income set forth in paragraph one of subsection (a) of

this section, multiplied by a fraction, the numerator of which is the

lesser of fifty thousand dollars or New York adjusted gross income minus

one hundred seven thousand six hundred fifty dollars, and the

denominator of which is fifty thousand dollars.

(B) If New York adjusted gross income is greater than twenty-five

million dollars, the supplemental tax due shall equal the difference

between the product of 10.90 percent and New York taxable income and the

tax table computation on the New York taxable income set forth in

paragraph one of subsection (a) of this section.

(2) For resident heads of households:

(A) If New York adjusted gross income is greater than $107,650, but

not over $25,000,000:

(i) the recapture base and incremental benefit shall be determined by

New York taxable income as follows:

Greater than Not over Recapture Base Incremental Benefit

$107,650 $269,300 $0 $742

$269,300 $1,616,450 $742 $1,401

$1,616,450 $5,000,000 $2,143 $45,260

$5,000,000 $25,000,000 $47,403 $32,500

(ii) the applicable amount shall be determined by New York taxable

income as follows:

Greater than Not over Applicable Amount

$107,650 $269,300 New York adjusted gross income minus $107,650

$269,300 $1,616,450 New York adjusted gross income minus $269,300

$1,616,450 $5,000,000 New York adjusted gross income minus $1,616,450

$5,000,000 $25,000,000 New York adjusted gross income minus $5,000,000

(iii) the phase-in fraction shall be a fraction, the numerator of

which shall be the lesser of fifty thousand dollars or the applicable

amount and the denominator of which shall be fifty thousand dollars; and

(iv) the supplemental tax due shall equal the sum of the recapture

base and the product of (i) the incremental benefit and (ii) the

phase-in fraction. Provided, however, that if the New York taxable

income of the taxpayer is less than one hundred seven thousand six

hundred fifty dollars, the supplemental tax shall equal the difference

between the product of 6.33 percent and New York taxable income and the

tax table computation on the New York taxable income set forth in

paragraph one of subsection (b) of this section, multiplied by a

fraction, the numerator of which is the lesser of fifty thousand dollars

or New York adjusted gross income minus one hundred seven thousand six

hundred fifty dollars, and the denominator of which is fifty thousand

dollars.

(B) If New York adjusted gross income is greater than twenty-five

million dollars, the supplemental tax due shall equal the difference

between the product of 10.90 percent and New York taxable income and the

tax table computation on the New York taxable income set forth in

paragraph one of subsection (b) of this section.

(3) For resident unmarried individuals, resident married individuals

filing separate returns and resident estates and trusts:

(A) If New York adjusted gross income is greater than $107,650, but

not over $25,000,000:

(i) the recapture base and incremental benefit shall be determined by

New York taxable income as follows:

Greater than Not over Recapture Base Incremental Benefit

$80,650 $215,400 $0 $526

$215,400 $1,077,550 $526 $1,120

$1,077,550 $5,000,000 $1,646 $30,171

$5,000,000 $25,000,000 $31,817 $32,500

(ii) the applicable amount shall be determined by New York taxable

income as follows:

Greater than Not over Applicable Amount

$80,650 $215,400 New York adjusted gross income minus $107,650

$215,400 $1,077,550 New York adjusted gross income minus $215,400

$1,077,550 $5,000,000 New York adjusted gross income minus $1,077,550

$5,000,000 $25,000,000 New York adjusted gross income minus $5,000,000

(iii) the phase-in fraction shall be a fraction, the numerator of

which shall be the lesser of fifty thousand dollars or the applicable

amount and the denominator of which shall be fifty thousand dollars; and

(iv) the supplemental tax due shall equal the sum of the recapture

base and the product of (i) the incremental benefit and (ii) the

phase-in fraction. Provided, however, that if the New York taxable

income of the taxpayer is less than eighty thousand six hundred fifty

dollars, the supplemental tax shall equal the difference between the

product of 6.33 percent and New York taxable income and the tax table

computation on the New York taxable income set forth in paragraph one of

subsection (c) of this section, multiplied by a fraction, the numerator

of which is the lesser of fifty thousand dollars or New York adjusted

gross income minus one hundred seven thousand six hundred fifty dollars,

and the denominator of which is fifty thousand dollars.

(B) If New York adjusted gross income is greater than twenty-five

million dollars, the supplemental tax due shall equal the difference

between the product of 10.90 percent and New York taxable income and the

tax table computation on the New York taxable income set forth in

paragraph one of subsection (c) of this section.

(d-3) Alternative tax table benefit recapture. Notwithstanding the

provisions of subsection (d), (d-1) or (d-2) of this section, for

taxable years beginning on or after two thousand twenty-two and before

two thousand twenty-three, there is hereby imposed a supplemental tax in

addition to the tax imposed under subsections (a), (b) and (c) of this

section for the purpose of recapturing the benefit of the tax tables

contained in such subsections. During these taxable years, any reference

in this chapter to subsection (d), (d-1) or (d-2) of this section shall

be read as a reference to this subsection.

(1) For resident married individuals filing joint returns and resident

surviving spouses:

(A) If New York adjusted gross income is greater than $107,650, but

not over $25,000,000:

(i) the recapture base and incremental benefit shall be determined by

New York taxable income as follows:

Greater than Not over Recapture Base Incremental Benefit

$27,900 $161,550 $0 $430

$161,550 $323,200 $430 $646

$323,200 $2,155,350 $1,076 $1,940

$2,155,350 $5,000,000 $3,016 $60,349

$5,000,000 $25,000,000 $63,365 $32,500

(ii) the applicable amount shall be determined by New York taxable

income as follows:

Greater than Not over Applicable Amount

$27,900 $161,550 New York adjusted gross income minus $107,650

$161,550 $323,200 New York adjusted gross income minus $161,550

$323,200 $2,155,350 New York adjusted gross income minus $323,200

$2,155,350 $5,000,000 New York adjusted gross income minus $2,155,350

$5,000,000 $25,000,000 New York adjusted gross income minus $5,000,000

(iii) the phase-in fraction shall be a fraction, the numerator of

which shall be the lesser of fifty thousand dollars or the applicable

amount and the denominator of which shall be fifty thousand dollars; and

(iv) the supplemental tax due shall equal the sum of the recapture

base and the product of (i) the incremental benefit and (ii) the

phase-in fraction. Provided, however, that if the New York taxable

income of the taxpayer is less than twenty-seven thousand nine hundred

dollars, the supplemental tax shall equal the difference between the

product of 5.85 percent and New York taxable income and the tax table

computation on the New York taxable income set forth in paragraph one of

subsection (a) of this section, multiplied by a fraction, the numerator

of which is the lesser of fifty thousand dollars or New York adjusted

gross income minus one hundred seven thousand six hundred fifty dollars,

and the denominator of which is fifty thousand dollars.

(B) If New York adjusted gross income is greater than twenty-five

million dollars, the supplemental tax due shall equal the difference

between the product of 10.90 percent and New York taxable income and the

tax table computation on the New York taxable income set forth in

paragraph one of subsection (a) of this section.

(2) For resident heads of households:

(A) If New York adjusted gross income is greater than $107,650, but

not over $25,000,000:

(i) the recapture base and incremental benefit shall be determined by

New York taxable income as follows:

Greater than Not over Recapture Base Incremental Benefit

$107,650 $269,300 $0 $752

$269,300 $1,616,450 $752 $1,616

$1,616,450 $5,000,000 $2,368 $45,261

$5,000,000 $25,000,000 $47,629 $32,500

(ii) the applicable amount shall be determined by New York taxable

income as follows:

Greater than Not over Applicable Amount

$107,650 $269,300 New York adjusted gross income minus $107,650

$269,300 $1,616,450 New York adjusted gross income minus $269,300

$1,616,450 $5,000,000 New York adjusted gross income minus $1,616,450

$5,000,000 $25,000,000 New York adjusted gross income minus $5,000,000

(iii) the phase-in fraction shall be a fraction, the numerator of

which shall be the lesser of fifty thousand dollars or the applicable

amount and the denominator of which shall be fifty thousand dollars; and

(iv) the supplemental tax due shall equal the sum of the recapture

base and the product of (i) the incremental benefit and (ii) the

phase-in fraction. Provided, however, that if the New York taxable

income of the taxpayer is less than one hundred seven thousand six

hundred fifty dollars, the supplemental tax shall equal the difference

between the product of 6.25 percent and New York taxable income and the

tax table computation on the New York taxable income set forth in

paragraph one of subsection (b) of this section, multiplied by a

fraction, the numerator of which is the lesser of fifty thousand dollars

or New York adjusted gross income minus one hundred seven thousand six

hundred fifty dollars, and the denominator of which is fifty thousand

dollars.

(B) If New York adjusted gross income is greater than twenty-five

million dollars, the supplemental tax due shall equal the difference

between the product of 10.90 percent and New York taxable income and the

tax table computation on the New York taxable income set forth in

paragraph one of subsection (b) of this section.

(3) For resident unmarried individuals, resident married individuals

filing separate returns and resident estates and trusts:

(A) If New York adjusted gross income is greater than $107,650, but

not over $25,000,000:

(i) the recapture base and incremental benefit shall be determined by

New York taxable income as follows:

Greater than Not over Recapture Base Incremental Benefit

$80,650 $215,400 $0 $536

$215,400 $1,077,550 $536 $1,293

$1,077,550 $5,000,000 $1,829 $30,171

$5,000,000 $25,000,000 $32,000 $32,500

(ii) the applicable amount shall be determined by New York taxable

income as follows:

Greater than Not over Applicable Amount

$80,650 $215,400 New York adjusted gross income minus $107,650

$215,400 $1,077,550 New York adjusted gross income minus $215,400

$1,077,550 $5,000,000 New York adjusted gross income minus $1,077,550

$5,000,000 $25,000,000 New York adjusted gross income minus $5,000,000

(iii) the phase-in fraction shall be a fraction, the numerator of

which shall be the lesser of fifty thousand dollars or the applicable

amount and the denominator of which shall be fifty thousand dollars; and

(iv) the supplemental tax due shall equal the sum of the recapture

base and the product of (i) the incremental benefit and (ii) the

phase-in fraction. Provided, however, that if the New York taxable

income of the taxpayer is less than eighty thousand six hundred fifty

dollars, the supplemental tax shall equal the difference between the

product of 6.25 percent and New York taxable income and the tax table

computation on the New York taxable income set forth in paragraph one of

subsection (c) of this section, multiplied by a fraction, the numerator

of which is the lesser of fifty thousand dollars or New York adjusted

gross income minus one hundred seven thousand six hundred fifty dollars,

and the denominator of which is fifty thousand dollars.

(B) If New York adjusted gross income is greater than twenty-five

million dollars, the supplemental tax due shall equal the difference

between the product of 10.90 percent and New York taxable income and the

tax table computation on the New York taxable income set forth in

paragraph one of subsection (c) of this section.

(d-4) Alternative tax table benefit recapture. Notwithstanding the

provisions of subsection (d), (d-1), (d-2) or (d-3) of this section, for

taxable years beginning on or after two thousand twenty-three and before

two thousand twenty-eight, there is hereby imposed a supplemental tax in

addition to the tax imposed under subsections (a), (b) and (c) of this

section for the purpose of recapturing the benefit of the tax tables

contained in such subsections. During these taxable years, any reference

in this chapter to subsection (d), (d-1), (d-2) or (d-3) of this section

shall be read as a reference to this subsection.

(1) For resident married individuals filing joint returns and resident

surviving spouses:

(A) If New York adjusted gross income is greater than $107,650, but

not over $25,000,000:

(i) the recapture base and incremental benefit shall be determined by

New York taxable income as follows:

Greater than Not over Recapture Base Incremental Benefit

$27,900 $161,550 $0 $333

$161,550 $323,200 $333 $807

$323,200 $2,155,350 $1,140 $2,747

$2,155,350 $5,000,000 $3,887 $60,350

$5,000,000 $25,000,000 $64,237 $32,500

(ii) the applicable amount shall be determined by New York taxable

income as follows:

Greater than Not over Applicable Amount

$27,900 $161,550 New York adjusted gross income minus $107,650

$161,550 $323,200 New York adjusted gross income minus $161,550

$323,200 $2,155,350 New York adjusted gross income minus $323,200

$2,155,350 $5,000,000 New York adjusted gross income minus $2,155,350

$5,000,000 $25,000,000 New York adjusted gross income minus $5,000,000

(iii) the phase-in fraction shall be a fraction, the numerator of

which shall be the lesser of fifty thousand dollars or the applicable

amount and the denominator of which shall be fifty thousand dollars; and

(iv) the supplemental tax due shall equal the sum of the recapture

base and the product of (i) the incremental benefit and (ii) the

phase-in fraction. Provided, however, that if the New York taxable

income of the taxpayer is less than twenty-seven thousand nine hundred

dollars, the supplemental tax shall equal the difference between the

product of 5.50 percent and New York taxable income and the tax table

computation on the New York taxable income set forth in paragraph one of

subsection (a) of this section, multiplied by a fraction, the numerator

of which is the lesser of fifty thousand dollars or New York adjusted

gross income minus one hundred seven thousand six hundred fifty dollars,

and the denominator of which is fifty thousand dollars.

(B) If New York adjusted gross income is greater than twenty-five

million dollars, the supplemental tax due shall equal the difference

between the product of 10.90 percent and New York taxable income and the

tax table computation on the New York taxable income set forth in

paragraph one of subsection (a) of this section.

(2) For resident heads of households:

(A) If New York adjusted gross income is greater than $107,650, but

not over $25,000,000:

(i) the recapture base and incremental benefit shall be determined by

New York taxable income as follows:

Greater than Not over Recapture Base Incremental Benefit

$107,650 $269,300 $0 $787

$269,300 $1,616,450 $787 $2,289

$1,616,450 $5,000,000 $3,076 $45,261

$5,000,000 $25,000,000 $48,337 $32,500

(ii) the applicable amount shall be determined by New York taxable

income as follows:

Greater than Not over Applicable Amount

$107,650 $269,300 New York adjusted gross income minus $107,650

$269,300 $1,616,450 New York adjusted gross income minus $269,300

$1,616,450 $5,000,000 New York adjusted gross income minus $1,616,450

$5,000,000 $25,000,000 New York adjusted gross income minus $5,000,000

(iii) the phase-in fraction shall be a fraction, the numerator of

which shall be the lesser of fifty thousand dollars or the applicable

amount and the denominator of which shall be fifty thousand dollars; and

(iv) the supplemental tax due shall equal the sum of the recapture

base and the product of (i) the incremental benefit and (ii) the

phase-in fraction. Provided, however, that if the New York taxable

income of the taxpayer is less than one hundred seven thousand six

hundred fifty dollars, the supplemental tax shall equal the difference

between the product of 6.00 percent and New York taxable income and the

tax table computation on the New York taxable income set forth in

paragraph one of subsection (b) of this section, multiplied by a

fraction, the numerator of which is the lesser of fifty thousand dollars

or New York adjusted gross income minus one hundred seven thousand six

hundred fifty dollars, and the denominator of which is fifty thousand

dollars.

(B) If New York adjusted gross income is greater than twenty-five

million dollars, the supplemental tax due shall equal the difference

between the product of 10.90 percent and New York taxable income and the

tax table computation on the New York taxable income set forth in

paragraph one of subsection (b) of this section.

(3) For resident unmarried individuals, resident married individuals

filing separate returns and resident estates and trusts:

(A) If New York adjusted gross income is greater than $107,650, but

not over $25,000,000:

(i) the recapture base and incremental benefit shall be determined by

New York taxable income as follows:

Greater than Not over Recapture Base Incremental Benefit

$80,650 $215,400 $0 $568

$215,400 $1,077,550 $568 $1,831

$1,077,550 $5,000,000 $2,399 $30,172

$5,000,000 $25,000,000 $32,571 $32,500

(ii) the applicable amount shall be determined by New York taxable

income as follows:

Greater than Not over Applicable Amount

$80,650 $215,400 New York adjusted gross income minus $107,650

$215,400 $1,077,550 New York adjusted gross income minus $215,400

$1,077,550 $5,000,000 New York adjusted gross income minus $1,077,550

$5,000,000 $25,000,000 New York adjusted gross income minus $5,000,000

(iii) the phase-in fraction shall be a fraction, the numerator of

which shall be the lesser of fifty thousand dollars or the applicable

amount and the denominator of which shall be fifty thousand dollars; and

(iv) the supplemental tax due shall equal the sum of the recapture

base and the product of (i) the incremental benefit and (ii) the

phase-in fraction. Provided, however, that if the New York taxable

income of the taxpayer is less than eighty thousand six hundred fifty

dollars, the supplemental tax shall equal the difference between the

product of 6.00 percent and New York taxable income and the tax table

computation on the New York taxable income set forth in paragraph one of

subsection (c) of this section, multiplied by a fraction, the numerator

of which is the lesser of fifty thousand dollars or New York adjusted

gross income minus one hundred seven thousand six hundred fifty dollars,

and the denominator of which is fifty thousand dollars.

(B) If New York adjusted gross income is greater than twenty-five

million dollars, the supplemental tax due shall equal the difference

between the product of 10.90 percent and New York taxable income and the

tax table computation on the New York taxable income set forth in

paragraph one of subsection (c) of this section.

(e) Nonresidents and part-year residents. (1) General. There is hereby

imposed for each taxable year on the taxable income which is derived

from sources in this state of every nonresident and part-year resident

individual and trust and every nonresident estate a tax which shall be

equal to the tax base multiplied by the New York source fraction.

(2) Tax base. The tax base is the tax computed under subsections (a)

through (d) of this section, as the case may be, reduced by the credits

permitted under subsections (b), (c), (d) and (m) of section six hundred

six, as if such nonresident or part-year resident individual, estate or

trust were a resident subject to the provisions of part II of this

article.

(3) New York source fraction. The New York source fraction is a

fraction the numerator of which is such individual's, estate's or

trust's New York source income determined in accordance with part III of

this article and the denominator of which is such individual's New York

adjusted gross income determined in accordance with part II of this

article or such estate's or trust's New York adjusted gross income

determined under paragraph four of this subsection.

(4) New York adjusted gross income of an estate or trust. New York

adjusted gross income of an estate or trust means its federal adjusted

gross income, determined under subsection (e) of section sixty-seven of

the internal revenue code, with the modifications provided in section

six hundred eighteen, other than that portion of the modification

provided in subsection three thereof which relates to section six

hundred fifteen.

(f) Partners and partnerships. A partnership as such shall not be

subject to tax under this article. Persons carrying on business as

partners shall be liable for tax under this article only in their

separate or individual capacities. As used in this article, the term

"partnership" shall include, unless a different meaning is clearly

required, a subchapter K limited liability company. The term "subchapter

K limited liability company" shall mean a limited liability company

classified as a partnership for federal income tax purposes. The term

"limited liability company" means a domestic limited liability company

or a foreign limited liability company, as defined in section one

hundred two of the limited liability company law, a limited liability

investment company formed pursuant to section five hundred seven of the

banking law, or a limited liability trust company formed pursuant to

section one hundred two-a of the banking law.

(g) Associations taxable as corporations. An association, trust or

other unincorporated organization which is taxable as a corporation for

federal income tax purposes shall not be subject to tax under this

article.

(h) Exempt trusts and organizations. A trust or other unincorporated

organization which by reason of its purposes or activities is exempt

from federal income tax shall be exempt from tax under this article

(regardless of whether subject to federal and state income tax on

unrelated business taxable income).

(i) Cross references. For definitions of New York taxable income of:

(1) Resident individual, see section six hundred eleven.

(2) Resident estate or trust, see section six hundred eighteen.

joint returns and resident surviving spouses. There is hereby imposed

for each taxable year on the New York taxable income of every resident

married individual who makes a single return jointly with his spouse

under subsection (b) of section six hundred fifty-one and on the New

York taxable income of every resident surviving spouse a tax determined

in accordance with the following tables:

(1) (A) For taxable years beginning after two thousand eleven and

before two thousand eighteen:

If the New York taxable income is: The tax is:

Not over $16,000 4% of taxable income

Over $16,000 but not over $22,000 $640 plus 4.5% of excess over

$16,000

Over $22,000 but not over $26,000 $910 plus 5.25% of excess over

$22,000

Over $26,000 but not over $40,000 $1,120 plus 5.90% of excess over

$26,000

Over $40,000 but not over $150,000 $1,946 plus 6.45% of excess over

$40,000

Over $150,000 but not over $300,000 $9,041 plus 6.65% of excess over

$150,000

Over $300,000 but not over $2,000,000 $19,016 plus 6.85% of excess over

$300,000

Over $2,000,000 $135,466 plus 8.82% of excess over

$2,000,000

(B)(i) For taxable years beginning in two thousand eighteen the

following rates shall apply:

If the New York taxable income is: The tax is:

Not over $17,150 4% of the New York taxable

income

Over $17,150 but not over $23,600 $686 plus 4.5% of excess over

$17,150

Over $23,600 but not over $27,900 $976 plus 5.25% of excess over

$23,600

Over $27,900 but not over $43,000 $1,202 plus 5.9% of excess over

$27,900

Over $43,000 but not over $161,550 $2,093 plus 6.33% of excess over

$43,000

Over $161,550 but not over $323,200 $9,597 plus 6.57% of excess over

$161,550

Over $323,200 but not over $2,155,350 $20,218 plus 6.85% of excess over

$323,200

Over $2,155,350 $145,720 plus 8.82% of excess over

$2,155,350

(ii) For taxable years beginning in two thousand nineteen the

following rates shall apply:

If the New York taxable income is: The tax is:

Not over $17,150 4% of the New York taxable

income

Over $17,150 but not over $23,600 $686 plus 4.5% of excess over

$17,150

Over $23,600 but not over $27,900 $976 plus 5.25% of excess over

$23,600

Over $27,900 but not over $43,000 $1,202 plus 5.9% of excess over

$27,900

Over $43,000 but not over $161,550 $2,093 plus 6.21% of excess over

$43,000

Over $161,550 but not over $323,200 $9,455 plus 6.49% of excess over

$161,550

Over $323,200 but not over $2,155,350 $19,946 plus 6.85% of excess over

$323,200

Over $2,155,350 $145,448 plus 8.82% of excess over

$2,155,350

(iii) For taxable years beginning in two thousand twenty the following

rates shall apply:

If the New York taxable income is: The tax is:

Not over $17,150 4% of the New York taxable income

Over $17,150 but not over $23,600 $686 plus 4.5% of excess over

$17,150

Over $23,600 but not over $27,900 $976 plus 5.25% of excess over

$23,600

Over $27,900 but not over $43,000 $1,202 plus 5.9% of excess over

$27,900

Over $43,000 but not over $161,550 $2,093 plus 6.09% of excess over

$43,000

Over $161,550 but not over $323,200 $9,313 plus 6.41% of excess over

$161,550

Over $323,200 but not over $19,674 plus 6.85% of excess

$2,155,350 $323,200 over

Over $2,155,350 $145,177 plus 8.82% of excess over

$2,155,350

(iv) For taxable years beginning in two thousand twenty-one the

following rates shall apply:

If the New York taxable income is: The tax is:

Not over $17,150 4% of the New York taxable income

Over $17,150 but not over $23,600 $686 plus 4.5% of excess over

$17,150

Over $23,600 but not over $27,900 $976 plus 5.25% of excess over

$23,600

Over $27,900 but not over $43,000 $1,202 plus 5.9% of excess over

$27,900

Over $43,000 but not over $161,550 $2,093 plus 5.97% of excess over

$43,000

Over $161,550 but not over $323,200 $9,170 plus 6.33% of excess over

$161,550

Over $323,200 but not over $19,403 plus 6.85% of excess

$2,155,350 over $323,200

Over $2,155,350 but not over $144,905 plus 9.65% of excess over

$5,000,000 $2,155,350

Over $5,000,000 but not over $419,414 plus 10.30% of excess over

$25,000,000 $5,000,000

Over $25,000,000 $2,479,414 plus 10.90% of excess over

$25,000,000

(v) For taxable years beginning in two thousand twenty-two the

following rates shall apply:

If the New York taxable income is: The tax is:

Not over $17,150 4% of the New York taxable income

Over $17,150 but not over $23,600 $686 plus 4.5% of excess over

$17,150

Over $23,600 but not over $27,900 $976 plus 5.25% of excess over

$23,600

Over $27,900 but not over $161,550 $1,202 plus 5.85% of excess over

$27,900

Over $161,550 but not over $323,200 $9,021 plus 6.25% of excess over

$161,550

Over $323,200 but not over $19,124 plus

$2,155,350 6.85% of excess over $323,200

Over $2,155,350 but not over $144,626 plus 9.65% of excess over

$5,000,000 $2,155,350

Over $5,000,000 but not over $419,135 plus 10.30% of excess over

$25,000,000 $5,000,000

Over $25,000,000 $2,479,135 plus 10.90% of excess over

$25,000,000

(vi) For taxable years beginning in two thousand twenty-three and

before two thousand twenty-eight the following rates shall apply:

If the New York taxable income is: The tax is:

Not over $17,150 4% of the New York taxable income

Over $17,150 but not over $23,600 $686 plus 4.5% of excess over

$17,150

Over $23,600 but not over $27,900 $976 plus 5.25% of excess over

$23,600

Over $27,900 but not over $161,550 $1,202 plus 5.5% of excess over

$27,900

Over $161,550 but not over $323,200 $8,553 plus 6.00% of excess over

$161,550

Over $323,200 but not over $18,252 plus 6.85% of excess over

$2,155,350 $323,200

Over $2,155,350 but not over $143,754 plus 9.65% of excess over

$5,000,000 $2,155,350

Over $5,000,000 but not over $418,263 plus 10.30% of excess over

$25,000,000 $5,000,000

Over $25,000,000 $2,478,263 plus 10.90% of excess over

$25,000,000

(vii) For taxable years beginning after two thousand twenty-seven the

following rates shall apply:

If the New York taxable income is: The tax is:

Not over $17,150 4% of the New York taxable income

Over $17,150 but not over $23,600 $686 plus 4.5% of excess over

$17,150

Over $23,600 but not over $27,900 $976 plus 5.25% of excess over

$23,600

Over $27,900 but not over $161,550 $1,202 plus 5.5% of excess over

$27,900

Over $161,550 but not over $323,200 $8,553 plus 6.00% of excess

over $161,550

Over $323,200 but not over $18,252 plus 6.85% of excess

$2,155,350 over $323,200

Over $2,155,350 $143,754 plus 8.82% of excess

over $2,155,350

(1-a) For taxable years beginning after two thousand eight and before

two thousand twelve:

If the New York taxable income is: The tax is:

Not over $16,000 4% of the New York taxable

income

Over $16,000 but not over $22,000 $640 plus 4.5% of excess over

$16,000

Over $22,000 but not over $26,000 $910 plus 5.25% of excess over

$22,000

Over $26,000 but not over $40,000 $1,120 plus 5.9% of excess over

$26,000

Over $40,000 but not over $300,000 $1,946 plus 6.85% of excess over

$40,000

Over $300,000 but not over $500,000 $19,756 plus 7.85% of excess over

$300,000

Over $500,000 $35,456 plus 8.97% of excess over

$500,000

(2) For taxable years beginning after two thousand five and before two

thousand nine:

If the New York taxable income is: The tax is:

Not over $16,000 4% of the New York taxable

income

Over $16,000 but not over $22,000 $640 plus 4.5% of excess over

$16,000

Over $22,000 but not over $26,000 $910 plus 5.25% of excess over

$22,000

Over $26,000 but not over $40,000 $1,120 plus 5.9% of excess over

$26,000

Over $40,000 $1,946 plus 6.85% of excess over

$40,000

(3) For taxable years beginning in two thousand five:

If the New York taxable income is: The tax is:

Not over $16,000 4% of the New York taxable

income

Over $16,000 but not over $22,000 $640 plus 4.5% of excess over

$16,000

Over $22,000 but not over $26,000 $910 plus 5.25% of excess over

$22,000

Over $26,000 but not over $40,000 $1,120 plus 5.9% of excess over

$26,000

Over $40,000 but not over $150,000 $1,946 plus 6.85% of excess over

$40,000

Over $150,000 but not over $500,000 $9,481 plus 7.25% of excess over

$150,000

Over $500,000 $34,856 plus 7.7% of excess over

$500,000

(4) For taxable years beginning in two thousand four:

If the New York taxable income is: The tax is:

Not over $16,000 4% of the New York taxable

income

Over $16,000 but not over $22,000 $640 plus 4.5% of excess over

$16,000

Over $22,000 but not over $26,000 $910 plus 5.25% of excess over

$22,000

Over $26,000 but not over $40,000 $1,120 plus 5.9% of excess over

$26,000

Over $40,000 but not over $150,000 $1,946 plus 6.85% of excess over

$40,000

Over $150,000 but not over $500,000 $9,481 plus 7.375% of excess over

$150,000

Over $500,000 $35,294 plus 7.7% of excess over

$500,000

(5) For taxable years beginning in two thousand three:

If the New York taxable income is: The tax is:

Not over $16,000 4% of the New York taxable

income

Over $16,000 but not over $22,000 $640 plus 4.5% of excess over

$16,000

Over $22,000 but not over $26,000 $910 plus 5.25% of excess over

$22,000

Over $26,000 but not over $40,000 $1,120 plus 5.9% of excess over

$26,000

Over $40,000 but not over $150,000 $1,946 plus 6.85% of excess over

$40,000

Over $150,000 but not over $500,000 $9,481 plus 7.5% of excess over

$150,000

Over $500,000 $35,731 plus 7.7% of excess over

$500,000

(6) For taxable years beginning after nineteen hundred ninety-six and

before two thousand three:

If the New York taxable income is: The tax is:

Not over $16,000 4% of the New York taxable

income

Over $16,000 but not over $22,000 $640 plus 4.5% of excess over

$16,000

Over $22,000 but not over $26,000 $910 plus 5.25% of excess over

$22,000

Over $26,000 but not over $40,000 $1,120 plus 5.9% of excess over

$26,000

Over $40,000 $1,946 plus 6.85% of excess over

$40,000

(7) For taxable years beginning in nineteen hundred ninety-six:

If the New York taxable income is: The tax is:

Not over $11,000 4% of the New York taxable

income

Over $11,000 but not over $16,000 $440 plus 5% of excess over

$11,000

Over $16,000 but not over $22,000 $690 plus 6% of excess over

$16,000

Over $22,000 $1,050 plus 7% of excess over

$22,000

(8) For taxable years beginning in nineteen hundred ninety-five:

If the New York taxable income is: The tax is:

Not over $13,000 4.55% of the New York taxable

income

Over $13,000 but not over $19,000 $592 plus 5.55% of excess over

$13,000

Over $19,000 but not over $25,000 $925 plus 6.55% of excess over

$19,000

Over $25,000 $1,318 plus 7.5% of excess over

$25,000

(9) For taxable years beginning after nineteen hundred eighty-nine and

before nineteen hundred ninety-five:

If the New York taxable income is: The tax is:

Not over $11,000 4% of the New York taxable

income

Over $11,000 but not over $16,000 $440 plus 5% of excess over

$11,000

Over $16,000 but not over $22,000 $690 plus 6% of excess over

$16,000

Over $22,000 but not over $26,000 $1,050 plus 7% of excess over

$22,000

Over $26,000 $1,330 plus 7.875% of excess over

$26,000

(b) Resident heads of households. There is hereby imposed for each

taxable year on the New York taxable income of every resident head of a

household a tax determined in accordance with the following tables:

(1) (A) For taxable years beginning after two thousand eleven and

before two thousand eighteen:

If the New York taxable income is: The tax is:

Not over $12,000 4% of taxable income

Over $12,000 but not over $16,500 $480 plus 4.5% of excess over

$12,000

Over $16,500 but not over $19,500 $683 plus 5.25% of excess over

$16,500

Over $19,500 but not over $30,000 $840 plus 5.90% of excess over

$19,500

Over $30,000 but not over $100,000 $1,460 plus 6.45% of excess over

$30,000

Over $100,000 but not over $250,000 $5,975 plus 6.65% of excess over

$100,000

Over $250,000 but not over $1,500,000 $15,950 plus 6.85% of excess over

$250,000

Over $1,500,000 $101,575 plus 8.82% of excess over

$1,500,000

(B)(i) For taxable years beginning in two thousand eighteen the

following rates shall apply:

If the New York taxable income is: The tax is:

Not over $12,800 4% of the New York taxable income

Over $12,800 but not over $17,650 $512 plus 4.5% of excess over $12,800

Over $17,650 but not over $20,900 $730 plus 5.25% of excess over

$17,650

Over $20,900 but not over $32,200 $901 plus 5.9% of excess over $20,900

Over $32,200 but not over $107,650 $1,568 plus 6.33% of excess over

$32,200

Over $107,650 but not over $269,300 $6,344 plus 6.57% of excess over

$107,650

Over $269,300 but not over $1,616,450 $16,964 plus 6.85% of excess over

$269,300

Over $1,616,450 $109,244 plus 8.82% of excess over

$1,616,450

(ii) For taxable years beginning in two thousand nineteen the

following rates shall apply:

If the New York taxable income is: The tax is:

Not over $12,800 4% of the New York taxable income

Over $12,800 but not over $17,650 $512 plus 4.5% of excess over $12,800

Over $17,650 but not over $20,900 $730 plus 5.25% of excess over

$17,650

Over $20,900 but not over $32,200 $901 plus 5.9% of excess over $20,900

Over $32,200 but not over $107,650 $1,568 plus 6.21% of excess over

$32,200

Over $107,650 but not over $269,300 $6,253 plus 6.49% of excess over

$107,650

Over $269,300 but not over $1,616,450 $16,744 plus 6.85% of excess over

$269,300

Over $1,616,450 $109,024 plus 8.82% of excess over

$1,616,450

(iii) For taxable years beginning in two thousand twenty the following

rates shall apply:

If the New York taxable income is: The tax is:

Not over $12,800 4% of the New York taxable income

Over $12,800 but not over $17,650 $512 plus 4.5% of excess over $12,800

Over $17,650 but not over $20,900 $730 plus 5.25% of excess over

$17,650

Over $20,900 but not over $32,200 $901 plus 5.9% of excess over $20,900

Over $32,200 but not over $107,650 $1,568 plus 6.09% of excess over

$32,200

Over $107,650 but not over $269,300 $6,162 plus 6.41% of excess over

$107,650

Over $269,300 but not over $16,524 plus 6.85% of

$1,616,450 excess over $269,300

Over $1,616,450 $108,804 plus 8.82% of excess over

$1,616,450

(iv) For taxable years beginning in two thousand twenty-one the

following rates shall apply:

If the New York taxable income is: The tax is:

Not over $12,800 4% of the New York taxable income

Over $12,800 but not over $17,650 $512 plus 4.5% of excess over

$12,800

Over $17,650 but not over $20,900 $730 plus 5.25% of excess over

$17,650

Over $20,900 but not over $32,200 $901 plus 5.9% of excess over

$20,900

Over $32,200 but not over $107,650 $1,568 plus 5.97% of excess over

$32,200

Over $107,650 but not over $269,300 $6,072 plus 6.33% of excess over

$107,650

Over $269,300 but not over $16,304 plus 6.85% of excess over

$1,616,450 $269,300

Over $1,616,450 but not over $108,584 plus 9.65% of excess over

$5,000,000 $1,616,450

Over $5,000,000 but not over $435,097 plus 10.30% of excess over

$25,000,000 $5,000,000

Over $25,000,000 $2,495,097 plus 10.90% of excess over

$25,000,000

(v) For taxable years beginning in two thousand twenty-two the

following rates shall apply:

If the New York taxable income is: The tax is:

Not over $12,800 4% of the New York taxable income

Over $12,800 but not over $17,650 $512 plus 4.5% of excess over

$12,800

Over $17,650 but not over $20,900 $730 plus 5.25% of excess over

$17,650

Over $20,900 but not over $107,650 $901 plus 5.85% of excess over

$20,900

Over $107,650 but not over $269,300 $5,976 plus 6.25% of excess over

$107,650

Over $269,300 but not over $16,079 plus 6.85% of excess

$1,616,450 over $269,300

Over $1,616,450 but not over $108,359 plus 9.65% of excess over

$5,000,000 $1,616,450

Over $5,000,000 but not over $434,871 plus 10.30% of excess over

$25,000,000 $5,000,000

Over $25,000,000 $2,494,871 plus 10.90% of excess over

$25,000,000

(vi) For taxable years beginning in two thousand twenty-three and

before two thousand twenty-eight the following rates shall apply:

If the New York taxable income is: The tax is:

Not over $12,800 4% of the New York taxable income

Over $12,800 but not over $17,650 $512 plus 4.5% of excess over

$12,800

Over $17,650 but not over $20,900 $730 plus 5.25% of excess over

$17,650

Over $20,900 but not over $107,650 $901 plus 5.5% of excess over

$20,900

Over $107,650 but not over $269,300 $5,672 plus 6.00% of excess over

$107,650

Over $269,300 but not over $15,371 plus 6.85% of excess over

$1,616,450 $269,300

Over $1,616,450 but not over $107,651 plus 9.65% of excess over

$5,000,000 $1,616,450

Over $5,000,000 but not over $434,163 plus 10.30% of excess over

$25,000,000 $5,000,000

Over $25,000,000 $2,494,163 plus 10.90% of excess over

$25,000,000

(vii) For taxable years beginning after two thousand twenty-seven the

following rates shall apply:

If the New York taxable income is: The tax is:

Not over $12,800 4% of the New York taxable income

Over $12,800 but not over $512 plus 4.5% of excess over

$17,650 $12,800

Over $17,650 but not over $730 plus 5.25% of excess over

$20,900 $17,650

Over $20,900 but not over $901 plus 5.5% of excess over

$107,650 $20,900

Over $107,650 but not over $5,672 plus 6.00% of excess

$269,300 over $107,650

Over $269,300 but not over $15,371 plus 6.85% of excess

$1,616,450 over $269,300

Over $1,616,450 $107,651 plus 8.82% of excess

over $1,616,450

(1-a) For taxable years beginning after two thousand eight and before

two thousand twelve:

If the New York taxable income is: The tax is:

Not over $11,000 4% of the New York taxable

income

Over $11,000 but not over $15,000 $440 plus 4.5% of excess over

$11,000

Over $15,000 but not over $17,000 $620 plus 5.25% of excess over

$15,000

Over $17,000 but not over $30,000 $725 plus 5.9% of excess over

$17,000

Over $30,000 but not over $250,000 $1,492 plus 6.85% of excess over

$30,000

Over $250,000 but not over $500,000 $16,562 plus 7.85% of excess over

$250,000

Over $500,000 $36,187 plus 8.97% of excess over

$500,000

(2) For taxable years beginning after two thousand five and before two

thousand nine:

If the New York taxable income is: The tax is:

Not over $11,000 4% of the New York taxable

income

Over $11,000 but not over $15,000 $440 plus 4.5% of excess over

$11,000

Over $15,000 but not over $17,000 $620 plus 5.25% of excess over

$15,000

Over $17,000 but not over $30,000 $725 plus 5.9% of excess over

$17,000

Over $30,000 $1,492 plus 6.85% of excess over

$30,000

(3) For taxable years beginning in two thousand five:

If the New York taxable income is: The tax is:

Not over $11,000 4% of the New York taxable

income

Over $11,000 but not over $15,000 $440 plus 4.5% of excess over

$11,000

Over $15,000 but not over $17,000 $620 plus 5.25% of excess over

$15,000

Over $17,000 but not over $30,000 $725 plus 5.9% of excess over

$17,000

Over $30,000 but not over $125,000 $1,492 plus 6.85% of excess over

$30,000

Over $125,000 but not over $500,000 $8,000 plus 7.25% of excess over

$125,000

Over $500,000 $35,187 plus 7.7% of excess over

$500,000

(4) For taxable years beginning in two thousand four:

If the New York taxable income is: The tax is:

Not over $11,000 4% of the New York taxable

income

Over $11,000 but not over $15,000 $440 plus 4.5% of excess over

$11,000

Over $15,000 but not over $17,000 $620 plus 5.25% of excess over

$15,000

Over $17,000 but not over $30,000 $725 plus 5.9% of excess over

$17,000

Over $30,000 but not over $125,000 $1,492 plus 6.85% of excess over

$30,000

Over $125,000 but not over $500,000 $8,000 plus 7.375% of excess over

$125,000

Over $500,000 $35,656 plus 7.7% of excess over

$500,000

(5) For taxable years beginning in two thousand three:

If the New York taxable income is: The tax is:

Not over $11,000 4% of the New York taxable

income

Over $11,000 but not over $15,000 $440 plus 4.5% of excess over

$11,000

Over $15,000 but not over $17,000 $620 plus 5.25% of excess over

$15,000

Over $17,000 but not over $30,000 $725 plus 5.9% of excess over

$17,000

Over $30,000 but not over $125,000 $1,492 plus 6.85% of excess over

$30,000

Over $125,000 but not over $500,000 $8,000 plus 7.5% of excess over

$125,000

Over $500,000 $36,125 plus 7.7% of excess over

$500,000

(6) For taxable years beginning after nineteen hundred ninety-six and

before two thousand three:

If the New York taxable income is: The tax is:

Not over $11,000 4% of the New York taxable

income

Over $11,000 but not over $15,000 $440 plus 4.5% of excess over

$11,000

Over $15,000 but not over $17,000 $620 plus 5.25% of excess over

$15,000

Over $17,000 but not over $30,000 $725 plus 5.9% of excess over

$17,000

Over $30,000 $1,492 plus 6.85% of excess over

$30,000

(7) For taxable years beginning in nineteen hundred ninety-six:

If the New York taxable income is: The tax is:

Not over $7,500 4% of the New York taxable

income

Over $7,500 but not over $11,000 $300 plus 5% of excess over

$7,500

Over $11,000 but not over $15,000 $475 plus 6% of excess over

$11,000

Over $15,000 $ 715 plus 7% of excess over

$15,000

(8) For taxable years beginning in nineteen hundred ninety-five:

If the New York taxable income is: The tax is:

Not over $9,000 4.55% of the New York taxable

income

Over $9,000 but not over $14,000 $410 plus 5.55% of excess over

$9,000

Over $14,000 but not over $19,000 $687 plus 6.55% of excess over

$14,000

Over $19,000 $1,015 plus 7.5% of excess over

$19,000

(9) For taxable years beginning after nineteen hundred eighty-nine and

before nineteen hundred ninety-five:

If the New York taxable income is: The tax is:

Not over $7,500 4% of the New York taxable

income

Over $7,500 but not over $11,000 $300 plus 5% of excess over

$7,500

Over $11,000 but not over $15,000 $475 plus 6% of excess over

$11,000

Over $15,000 but not over $17,000 $715 plus 7% of excess over

$15,000

Over $17,000 $855 plus 7.875% of excess over

$17,000

(c) Resident unmarried individuals, resident married individuals

filing separate returns and resident estates and trusts. There is hereby

imposed for each taxable year on the New York taxable income of every

resident individual who is not a married individual who makes a single

return jointly with his spouse under subsection (b) of section six

hundred fifty-one or a resident head of a household or a resident

surviving spouse, and on the New York taxable income of every resident

estate and trust a tax determined in accordance with the following

tables:

(1) (A) For taxable years beginning after two thousand eleven and

before two thousand eighteen:

If the New York taxable income is: The tax is:

Not over $8,000 4% of taxable income

Over $8,000 but not over $11,000 $320 plus 4.5% of excess over

$8,000

Over $11,000 but not over $13,000 $455 plus 5.25% of excess over

$11,000

Over $13,000 but not over $20,000 $560 plus 5.90% of excess over

$13,000

Over $20,000 but not over $75,000 $973 plus 6.45% of excess over

$20,000

Over $75,000 but not over $200,000 $4,521 plus 6.65% of excess over

$75,000

Over $200,000 but not over $1,000,000 $12,833 plus 6.85% of excess over

$200,000

Over $1,000,000 $67,633 plus 8.82% of excess over

$1,000,000

(B)(i) For taxable years beginning in two thousand eighteen the

following rates shall apply:

If the New York taxable income is: The tax is:

Not over $8,500 4% of the New York taxable income

Over $8,500 but not over $11,700 $340 plus 4.5% of excess over

$8,500

Over $11,700 but not over $13,900 $484 plus 5.25% of excess over

$11,700

Over $13,900 but not over $21,400 $600 plus 5.9% of excess over

$13,900

Over $21,400 but not over $80,650 $1,042 plus 6.33% of excess over

$21,400

Over $80,650 but not over $215,400 $4,793 plus 6.57% of excess over

$80,650

Over $215,400 but not over $1,077,550 $13,646 plus 6.85% of excess over

$215,400

Over $1,077,550 $72,703 plus 8.82% of excess over

$1,077,550

(ii) For taxable years beginning in two thousand nineteen the

following rates shall apply:

If the New York taxable income is: The tax is:

Not over $8,500 4% of the New York taxable income

Over $8,500 but not over $11,700 $340 plus 4.5% of excess over

$8,500

Over $11,700 but not over $13,900 $484 plus 5.25% of excess over

$11,700

Over $13,900 but not over $21,400 $600 plus 5.9% of excess over

$13,900

Over $21,400 but not over $80,650 $1,042 plus 6.21% of excess over

$21,400

Over $80,650 but not over $215,400 $4,721 plus 6.49% of excess over

$80,650

Over $215,400 but not over $1,077,550 $13,467 plus 6.85% of excess over

$215,400

Over $1,077,550 $72,524 plus 8.82% of excess over

$1,077,550

(iii) For taxable years beginning in two thousand twenty the following

rates shall apply:

If the New York taxable income is: The tax is:

Not over $8,500 4% of the New York taxable income

Over $8,500 but not over $11,700 $340 plus 4.5% of excess over

$8,500

Over $11,700 but not over $13,900 $484 plus 5.25% of excess over

$11,700

Over $13,900 but not over $21,400 $600 plus 5.9% of excess over

$13,900

Over $21,400 but not over $80,650 $1,042 plus 6.09% of excess over

$21,400

Over $80,650 but not over $215,400 $4,650 plus 6.41% of excess over

$80,650

Over $215,400 but not over $13,288 plus 6.85% of excess

$1,077,550 over $215,400

Over $1,077,550 $72,345 plus 8.82% of excess over

$1,077,550

(iv) For taxable years beginning in two thousand twenty-one the

following rates shall apply:

If the New York taxable income is: The tax is:

Not over $8,500 4% of the New York taxable income

Over $8,500 but not over $11,700 $340 plus 4.5% of excess over

$8,500

Over $11,700 but not over $13,900 $484 plus 5.25% of excess over

$11,700

Over $13,900 but not over $21,400 $600 plus 5.9% of excess over

$13,900

Over $21,400 but not over $80,650 $1,042 plus 5.97% of excess over

$21,400

Over $80,650 but not over $215,400 $4,579 plus 6.33% of excess over

$80,650

Over $215,400 but not over $13,109 plus 6.85% of excess

$1,077,550 over $215,400

Over $1,077,550 but not over $72,166 plus 9.65% of excess over

$5,000,000 $1,077,550

Over $5,000,000 but not over $450,683 plus 10.30% of excess over

$25,000,000 $5,000,000

Over $25,000,000 $2,510,683 plus 10.90% of excess over

$25,000,000

(v) For taxable years beginning in two thousand twenty-two the

following rates shall apply:

If the New York taxable income is: The tax is:

Not over $8,500 4% of the New York taxable income

Over $8,500 but not over $11,700 $340 plus 4.5% of excess over

$8,500

Over $11,700 but not over $13,900 $484 plus 5.25% of excess over

$11,700

Over $13,900 but not over $80,650 $600 plus 5.85% of excess over

$13,900

Over $80,650 but not over $215,400 $4,504 plus 6.25% of excess over

$80,650

Over $215,400 but not over $12,926 plus 6.85% of excess

$1,077,550 over $215,400

Over $1,077,550 but not over $71,984 plus 9.65% of excess over

$5,000,000 $1,077,550

Over $5,000,000 but not over $450,500 plus 10.30% of excess over

$25,000,000 $5,000,000

Over $25,000,000 $2,510,500 plus 10.90% of excess over

$25,000,000

(vi) For taxable years beginning in two thousand twenty-three and

before two thousand twenty-eight the following rates shall apply:

If the New York taxable income is: The tax is:

Not over $8,500 4% of the New York taxable income

Over $8,500 but not over $11,700 $340 plus 4.5% of excess over

$8,500

Over $11,700 but not over $13,900 $484 plus 5.25% of excess over

$11,700

Over $13,900 but not over $80,650 $600 plus 5.50% of excess over

$13,900

Over $80,650 but not over $215,400 $4,271 plus 6.00% of excess over

$80,650

Over $215,400 but not over $12,356 plus 6.85% of excess over

$1,077,550 $215,400

Over $1,077,550 but not over $71,413 plus 9.65% of excess over

$5,000,000 $1,077,550

Over $5,000,000 but not over $449,929 plus 10.30% of excess over

$25,000,000 $5,000,000

Over $25,000,000 $2,509,929 plus 10.90% of excess over

$25,000,000

(vii) For taxable years beginning after two thousand twenty-seven the

following rates shall apply:

If the New York taxable income is: The tax is:

Not over $8,500 4% of the New York taxable income

Over $8,500 but not over $11,700 $340 plus 4.5% of excess over

$8,500

Over $11,700 but not over $13,900 $484 plus 5.25% of excess over

$11,700

Over $13,900 but not over $80,650 $600 plus 5.50% of excess over

$13,900

Over $80,650 but not over $215,400 $4,271 plus 6.00% of excess

over $80,650

Over $215,400 but not over $12,356 plus 6.85% of excess

$1,077,550 over $215,400

Over $1,077,550 $71,413 plus 8.82% of excess

over $1,077,550

(1-a) For taxable years beginning after two thousand eight and before

two thousand twelve:

If the New York taxable income is: The tax is:

Not over $8,000 4% of the New York taxable

income

Over $8,000 but not over $11,000 $320 plus 4.5% of excess over

$8,000

Over $11,000 but not over $13,000 $455 plus 5.25% of excess over

$11,000

Over $13,000 but not over $20,000 $560 plus 5.9% of excess over

$13,000

Over $20,000 but not over $200,000 $973 plus 6.85% of excess over

$20,000

Over $200,000 but not over $500,000 $13,303 plus 7.85% of excess over

$200,000

Over $500,000 $36,853 plus 8.97% of excess over

$500,000

(2) For taxable years beginning after two thousand five and before two

thousand nine:

If the New York taxable income is: The tax is:

Not over $8,000 4% of the New York taxable

income

Over $8,000 but not over $11,000 $320 plus 4.5% of excess over

$8,000

Over $11,000 but not over $13,000 $455 plus 5.25% of excess over

$11,000

Over $13,000 but not over $20,000 $560 plus 5.9% of excess over

$13,000

Over $20,000 $973 plus 6.85% of excess over

$20,000

(3) For taxable years beginning in two thousand five:

If the New York taxable income is: The tax is:

Not over $8,000 4% of the New York taxable

income

Over $8,000 but not over $11,000 $320 plus 4.5% of excess over

$8,000

Over $11,000 but not over $13,000 $455 plus 5.25% of excess over

$11,000

Over $13,000 but not over $20,000 $560 plus 5.9% of excess over

$13,000

Over $20,000 but not over $100,000 $973 plus 6.85% of excess over

$20,000

Over $100,000 but not over $500,000 $6,453 plus 7.25% of excess over

$100,000

Over $500,000 $35,453 plus 7.7% of excess over

$500,000

(4) For taxable years beginning in two thousand four:

If the New York taxable income is: The tax is:

Not over $8,000 4% of the New York taxable

income

Over $8,000 but not over $11,000 $320 plus 4.5% of excess over

$8,000

Over $11,000 but not over $13,000 $455 plus 5.25% of excess over

$11,000

Over $13,000 but not over $20,000 $560 plus 5.9% of excess over

$13,000

Over $20,000 but not over $100,000 $973 plus 6.85% of excess over

$20,000

Over $100,000 but not over $500,000 $6,453 plus 7.375% of excess over

$100,000

Over $500,000 $35,953 plus 7.7% of excess over

$500,000

(5) For taxable years beginning in two thousand three:

If the New York taxable income is: The tax is:

Not over $8,000 4% of the New York taxable

income

Over $8,000 but not over $11,000 $320 plus 4.5% of excess over

$8,000

Over $11,000 but not over $13,000 $455 plus 5.25% of excess over

$11,000

Over $13,000 but not over $20,000 $560 plus 5.9% of excess over

$13,000

Over $20,000 but not over $100,000 $973 plus 6.85% of excess over

$20,000

Over $100,000 but not over $500,000 $6,453 plus 7.5% of excess over

$100,000

Over $500,000 $36,453 plus 7.7% of excess over

$500,000

(6) For taxable years beginning after nineteen hundred ninety-six and

before two thousand three:

If the New York taxable income is: The tax is:

Not over $8,000 4% of the New York taxable

income

Over $8,000 but not over $11,000 $320 plus 4.5% of excess over

$8,000

Over $11,000 but not over $13,000 $455 plus 5.25% of excess over

$11,000

Over $13,000 but not over $20,000 $560 plus 5.9% of excess over

$13,000

Over $20,000 $973 plus 6.85% of excess over

$20,000

(7) For taxable years beginning in nineteen hundred ninety-six:

If the New York taxable income is: The tax is:

Not over $5,500 4% of the New York taxable

income

Over $5,500 but not over $8,000 $220 plus 5% of excess over

$5,500

Over $8,000 but not over $11,000 $345 plus 6% of excess over

$8,000

Over $11,000 $525 plus 7% of excess over

$11,000

(8) For taxable years beginning in nineteen hundred ninety-five:

If the New York taxable income is: The tax is:

Not over $6,500 4.55% of the New York taxable

income

Over $6,500 but not over $9,500 $296 plus 5.55% of excess over

$6,500

Over $9,500 but not over $12,500 $462 plus 6.55% of excess over

$9,500

Over $12,500 $659 plus 7.5% of excess over

$12,500

(9) For taxable years beginning after nineteen hundred eighty-nine and

before nineteen hundred ninety-five:

If the New York taxable

income is: The tax is:

Not over $5,500 4% of the New York taxable

income

Over $5,500 but not over $8,000 $220 plus 5% of excess over

$5,500

Over $8,000 but not over $11,000 $345 plus 6% of excess over

$8,000

Over $11,000 but not over $13,000 $525 plus 7% of excess over

$11,000

Over $13,000 $665 plus 7.875% of excess over

$13,000

(d) Tax table benefit recapture. For taxable years beginning after

nineteen hundred ninety, there is hereby imposed a supplemental tax in

addition to the tax imposed under subsections (a), (b) and (c) of this

section for the purpose of recapturing the benefit of the tax tables

contained in such subsections or section six hundred ninety-nine of this

article, as the case may be. The supplemental tax shall be an amount

equal to the sum of the tax table benefits in paragraphs one, two and

three of this subsection multiplied by their respective fractions in

such paragraphs provided, however, that paragraph two of this subsection

shall not apply to taxpayers that are not subject to the second highest

rate of tax.

(1) Resident married individuals filing joint returns, resident

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), (b) or (c), of this section, as the case may be, or in

section six hundred ninety-nine, as the case may be, not subject to the

6.85 percent rate of tax for the taxable year multiplied by such rate

and (ii) the dollar denominated tax for such amount of taxable income

set forth in the tax table applicable to the taxable year in subsection

(a), (b) or (c) of this section, as the case may be, or section six

hundred ninety-nine, as the case may be.

(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 thousand dollars and the

denominator is fifty thousand dollars.

(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), (b) or (c) of this section, as the case may be, 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), (b) or (c) of this

section, as the case may be, less the tax table benefit in paragraph one

of this subsection.

(B) For taxable years beginning after two thousand two and before two

thousand six, 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. For taxable years

beginning after two thousand eight and before two thousand twelve, 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 three hundred 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 and after two thousand

eight and before two thousand twelve.

(3) 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), (b) or (c) of this section, as the case may be, 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), (b) or (c)

of this section, as the case may be, less the sum of the tax table

benefits in paragraphs one and two of this subsection.

(B) For such taxpayers with adjusted gross income over five hundred

thousand dollars, for taxable years beginning after two thousand eight

and before two thousand twelve, 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 five hundred

thousand dollars and the denominator is fifty thousand dollars.

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 and after two thousand

eight and before two thousand twelve.

(d-1) Alternative tax table benefit recapture. Notwithstanding the

provisions of subsection (d) of this section, for taxable years

beginning after two thousand eleven, there is hereby imposed a

supplemental tax in addition to the tax imposed under subsections (a),

(b) and (c) of this section for the purpose of recapturing the benefit

of the tax tables contained in such subsections. During these taxable

years, any reference in this chapter to subsection (d) of this section

shall be read as a reference to this subsection.

(1) For resident married individuals filing joint returns and resident

surviving spouses, the supplemental tax shall be an amount equal to the

sum of the tax table benefits described in subparagraphs (A), (B), (C)

and (D) of this paragraph multiplied by their respective fractions in

such subparagraphs. Furthermore, in making the calculations described in

these subparagraphs in taxable years beginning after tax year two

thousand seventeen, the applicable tax rates specified in subparagraph

(B) of paragraph one of subsection (a) of this section shall be

substituted for the rates referenced in these subparagraphs.

(A) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(a) of this section not subject to the 6.45 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (a) of this section.

The fraction for this subparagraph 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 thousand

dollars and the denominator is fifty thousand dollars.

(B) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(a) of this section not subject to the 6.65 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (a) of this section

less the tax table benefit in subparagraph (A) of this paragraph. The

fraction for this subparagraph 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. Provided,

however, this subparagraph shall not apply to taxpayers who are not

subject to the 6.65 percent tax rate.

(C) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(a) of this section not subject to the 6.85 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (a) of this section

less the sum of the tax table benefit in subparagraphs (A) and (B) of

this paragraph. The fraction for this subparagraph 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 three

hundred thousand dollars and the denominator is fifty thousand dollars.

Provided, however, this subparagraph shall not apply to taxpayers who

are not subject to the 6.85 percent tax rate.

(D) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(a) of this section not subject to the 8.82 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (a) of this section

less the sum of the tax table benefits in subparagraphs (A), (B) and (C)

of this paragraph. The fraction for this subparagraph 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 two

million dollars and the denominator is fifty thousand dollars. This

subparagraph shall apply only to taxable years beginning on or after

January first, two thousand twelve and before January first, two

thousand twenty-one and for tax years beginning on or after January

first, two thousand twenty-eight.

(E) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(a) of this section not subject to the 9.65 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (a) of this section

less the sum of the tax table benefits in subparagraphs (A), (B), and

(C) of this paragraph. The fraction for this subparagraph is computed as

follows: the numerator is the lesser of fifty thousand dollars or excess

of New York adjusted gross income for the taxable year over two million

dollars and the denominator is fifty thousand dollars. This subparagraph

shall apply only to the taxable years beginning on or after January

first, two thousand twenty-one and before January first, two thousand

twenty-eight.

(F) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(a) of this section not subject to the 10.30 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (a) of this section

less the sum of the tax table benefits in subparagraphs (A), (B), (C)

and (E) of this paragraph. The fraction for this subparagraph is

computed as follows: the numerator is the lesser of fifty thousand

dollars or excess of New York adjusted gross income for the taxable year

over five million dollars and the denominator is fifty thousand dollars.

This subparagraph shall apply only to the taxable years beginning on or

after January first, two thousand twenty-one and before January first,

two thousand twenty-eight.

(G) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(a) of this section not subject to the 10.90 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (a) of this section

less the sum of the tax table benefits in subparagraphs (A), (B), (C),

(E) and (F) of this paragraph. The fraction for this subparagraph is

computed as follows: the numerator is the lesser of fifty thousand

dollars or excess of New York adjusted gross income for the taxable year

over twenty-five million dollars and the denominator is fifty thousand

dollars. This subparagraph shall apply only to the taxable years

beginning on or after January first, two thousand twenty-one and before

January first, two thousand twenty-eight.

(H) Provided, however, the total tax prior to the application of any

tax credits shall not exceed the highest rate of tax set forth in the

tax tables in subsection (a) of this section multiplied by the

taxpayer's taxable income.

(2) For resident heads of households, the supplemental tax shall be an

amount equal to the sum of the tax table benefits described in

subparagraphs (A), (B) and (C) of this paragraph multiplied by their

respective fractions in such subparagraphs. Furthermore, in making the

calculations described in these subparagraphs in taxable years beginning

after tax year two thousand seventeen, the applicable tax rates

specified in subparagraph (B) of paragraph one of subsection (b) of this

section shall be substituted for the rates referenced in these

subparagraphs.

(A) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(b) of this section not subject to the 6.65 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (b) of this section.

The fraction for this subparagraph 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 thousand

dollars and the denominator is fifty thousand dollars.

(B) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(b) of this section not subject to the 6.85 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (b) of this section

less the tax table benefit in subparagraph (A) of this paragraph. The

fraction for this subparagraph 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 two hundred fifty thousand

dollars and the denominator is fifty thousand dollars. Provided,

however, this subparagraph shall not apply to taxpayers who are not

subject to the 6.85 percent tax rate.

(C) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(b) of this section not subject to the 8.82 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (b) of this section

less the sum of the tax table benefits in subparagraphs (A) and (B) of

this paragraph. The fraction for this subparagraph 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

million five hundred thousand dollars and the denominator is fifty

thousand dollars. This subparagraph shall apply only to taxable years

beginning on or after January first, two thousand twelve and before

January first, two thousand twenty-one and for tax years beginning on or

after January first, two thousand twenty-eight.

(D) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(a) of this section not subject to the 9.65 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (a) of this section

less the sum of the tax table benefits in subparagraphs (A) and (B) of

this paragraph. The fraction for this subparagraph is computed as

follows: the numerator is the lesser of fifty thousand dollars or excess

of New York adjusted gross income for the taxable year over one million

five hundred thousand dollars and the denominator is fifty thousand

dollars. This subparagraph shall apply only to the taxable years

beginning on or after January first, two thousand twenty-one and before

January first, two thousand twenty-eight.

(E) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(a) of this section not subject to the 10.30 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (a) of this section

less the sum of the tax table benefits in subparagraphs (A), (B) and (D)

of this paragraph. The fraction for this subparagraph is computed as

follows: the numerator is the lesser of fifty thousand dollars or excess

of New York adjusted gross income for the taxable year over five million

dollars and the denominator is fifty thousand dollars. This subparagraph

shall apply only to the taxable years beginning on or after January

first, two thousand twenty-one and before January first, two thousand

twenty-eight.

(F) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(a) of this section not subject to the 10.90 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (a) of this section

less the sum of the tax table benefits in subparagraphs (A), (B), (D)

and (E) of this paragraph. The fraction for this subparagraph is

computed as follows: the numerator is the lesser of fifty thousand

dollars or excess of New York adjusted gross income for the taxable year

over twenty-five million dollars and the denominator is fifty thousand

dollars. This subparagraph shall apply only to the taxable years

beginning on or after January first, two thousand twenty-one and before

January first, two thousand twenty-eight.

(G) Provided, however, the total tax prior to the application of any

tax credits shall not exceed the highest rate of tax set forth in the

tax tables in subsection (b) of this section multiplied by the

taxpayer's taxable income.

(3) For resident unmarried individuals, resident married individuals

filing separate returns and resident estates and trusts, the

supplemental tax shall be an amount equal to the sum of the tax table

benefits described in subparagraphs (A), (B) and (C) of this paragraph

multiplied by their respective fractions in such subparagraphs.

Furthermore, in making the calculations described in these subparagraphs

in taxable years beginning after tax year two thousand seventeen, the

applicable tax rates specified in subparagraph (B) of paragraph one of

subsection (c) of this section shall be substituted for the rates

referenced in these subparagraphs.

(A) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(c) of this section not subject to the 6.65 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (c) of this section.

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 thousand dollars and the

denominator is fifty thousand dollars.

(B) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(c) of this section not subject to the 6.85 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (c) of this section

less the tax table benefit in subparagraph (A) of this paragraph. The

fraction for this subparagraph 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 two hundred thousand dollars and

the denominator is fifty thousand dollars. Provided, however, this

subparagraph shall not apply to taxpayers who are not subject to the

6.85 percent tax rate.

(C) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(c) of this section not subject to the 8.82 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (c) of this section

less the sum of the tax table benefits in subparagraphs (A) and (B) of

this paragraph. The fraction for this subparagraph 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

million dollars and the denominator is fifty thousand dollars. This

subparagraph shall apply only to taxable years beginning on or after

January first, two thousand twelve and before January first, two

thousand twenty-one and for tax years beginning on or after January

first, two thousand twenty-eight.

(D) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(a) of this section not subject to the 9.65 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (a) of this section

less the sum of the tax table benefits in subparagraphs (A) and (B) of

this paragraph. The fraction for this subparagraph is computed as

follows: the numerator is the lesser of fifty thousand dollars or excess

of New York adjusted gross income for the taxable year over one million

five hundred thousand dollars and the denominator is fifty thousand

dollars. This subparagraph shall apply only to the taxable years

beginning on or after January first, two thousand twenty-one and before

January first, two thousand twenty-eight.

(E) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(a) of this section not subject to the 10.30 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (a) of this section

less the sum of the tax table benefits in subparagraphs (A), (B) and (D)

of this paragraph. The fraction for this subparagraph is computed as

follows: the numerator is the lesser of fifty thousand dollars or excess

of New York adjusted gross income for the taxable year over five million

dollars and the denominator is fifty thousand dollars. This subparagraph

shall apply only to the taxable years beginning on or after January

first, two thousand twenty-one and before January first, two thousand

twenty-eight.

(F) The tax table benefit is the difference between (i) the amount of

taxable income set forth in the tax table in paragraph one of subsection

(a) of this section not subject to the 10.90 percent rate of tax for the

taxable year multiplied by such rate and (ii) the dollar denominated tax

for such amount of taxable income set forth in the tax table applicable

to the taxable year in paragraph one of subsection (a) of this section

less the sum of the tax table benefits in subparagraphs (A), (B), (D)

and (E) of this paragraph. The fraction for this subparagraph is

computed as follows: the numerator is the lesser of fifty thousand

dollars or excess of New York adjusted gross income for the taxable year

over twenty-five million dollars and the denominator is fifty thousand

dollars. This subparagraph shall apply only to the taxable years

beginning on or after January first, two thousand twenty-one and before

January first, two thousand twenty-eight.

(G) Provided, however, the total tax prior to the application of any

tax credits shall not exceed the highest rate of tax set forth in the

tax tables in subsection (c) of this section multiplied by the

taxpayer's taxable income.

(d-2) Alternative tax table benefit recapture. Notwithstanding the

provisions of subsection (d) or (d-1) of this section, for taxable years

beginning on or after two thousand twenty-one and before two thousand

twenty-two, there is hereby imposed a supplemental tax in addition to

the tax imposed under subsections (a), (b) and (c) of this section for

the purpose of recapturing the benefit of the tax tables contained in

such subsections. During these taxable years, any reference in this

chapter to subsection (d) or (d-1) of this section shall be read as a

reference to this subsection.

(1) For resident married individuals filing joint returns and resident

surviving spouses:

(A) If New York adjusted gross income is greater than $107,650, but

not over $25,000,000:

(i) the recapture base and incremental benefit shall be determined by

New York taxable income as follows:

Greater than Not over Recapture Base Incremental Benefit

$43,000 $161,550 $0 $474

$161,550 $323,200 $474 $582

$323,200 $2,155,350 $1,056 $1,680

$2,155,350 $5,000,000 $2,736 $60,350

$5,000,000 $25,000,000 $63,086 $32,500

(ii) the applicable amount shall be determined by New York taxable

income as follows:

Greater than Not over Applicable Amount

$43,000 $161,550 New York adjusted gross income minus $107,650

$161,550 $323,200 New York adjusted gross income minus $161,550

$323,200 $2,155,350 New York adjusted gross income minus $323,200

$2,155,350 $5,000,000 New York adjusted gross income minus $2,155,350

$5,000,000 $25,000,000 New York adjusted gross income minus $5,000,000

(iii) the phase-in fraction shall be a fraction, the numerator of

which shall be the lesser of fifty thousand dollars or the applicable

amount and the denominator of which shall be fifty thousand dollars; and

(iv) the supplemental tax due shall equal the sum of the recapture

base and the product of (i) the incremental benefit and (ii) the

phase-in fraction. Provided, however, that if the New York taxable

income of the taxpayer is less than forty-three thousand dollars, the

supplemental tax shall equal the difference between the product of 5.97

percent and New York taxable income and the tax table computation on the

New York taxable income set forth in paragraph one of subsection (a) of

this section, multiplied by a fraction, the numerator of which is the

lesser of fifty thousand dollars or New York adjusted gross income minus

one hundred seven thousand six hundred fifty dollars, and the

denominator of which is fifty thousand dollars.

(B) If New York adjusted gross income is greater than twenty-five

million dollars, the supplemental tax due shall equal the difference

between the product of 10.90 percent and New York taxable income and the

tax table computation on the New York taxable income set forth in

paragraph one of subsection (a) of this section.

(2) For resident heads of households:

(A) If New York adjusted gross income is greater than $107,650, but

not over $25,000,000:

(i) the recapture base and incremental benefit shall be determined by

New York taxable income as follows:

Greater than Not over Recapture Base Incremental Benefit

$107,650 $269,300 $0 $742

$269,300 $1,616,450 $742 $1,401

$1,616,450 $5,000,000 $2,143 $45,260

$5,000,000 $25,000,000 $47,403 $32,500

(ii) the applicable amount shall be determined by New York taxable

income as follows:

Greater than Not over Applicable Amount

$107,650 $269,300 New York adjusted gross income minus $107,650

$269,300 $1,616,450 New York adjusted gross income minus $269,300

$1,616,450 $5,000,000 New York adjusted gross income minus $1,616,450

$5,000,000 $25,000,000 New York adjusted gross income minus $5,000,000

(iii) the phase-in fraction shall be a fraction, the numerator of

which shall be the lesser of fifty thousand dollars or the applicable

amount and the denominator of which shall be fifty thousand dollars; and

(iv) the supplemental tax due shall equal the sum of the recapture

base and the product of (i) the incremental benefit and (ii) the

phase-in fraction. Provided, however, that if the New York taxable

income of the taxpayer is less than one hundred seven thousand six

hundred fifty dollars, the supplemental tax shall equal the difference

between the product of 6.33 percent and New York taxable income and the

tax table computation on the New York taxable income set forth in

paragraph one of subsection (b) of this section, multiplied by a

fraction, the numerator of which is the lesser of fifty thousand dollars

or New York adjusted gross income minus one hundred seven thousand six

hundred fifty dollars, and the denominator of which is fifty thousand

dollars.

(B) If New York adjusted gross income is greater than twenty-five

million dollars, the supplemental tax due shall equal the difference

between the product of 10.90 percent and New York taxable income and the

tax table computation on the New York taxable income set forth in

paragraph one of subsection (b) of this section.

(3) For resident unmarried individuals, resident married individuals

filing separate returns and resident estates and trusts:

(A) If New York adjusted gross income is greater than $107,650, but

not over $25,000,000:

(i) the recapture base and incremental benefit shall be determined by

New York taxable income as follows:

Greater than Not over Recapture Base Incremental Benefit

$80,650 $215,400 $0 $526

$215,400 $1,077,550 $526 $1,120

$1,077,550 $5,000,000 $1,646 $30,171

$5,000,000 $25,000,000 $31,817 $32,500

(ii) the applicable amount shall be determined by New York taxable

income as follows:

Greater than Not over Applicable Amount

$80,650 $215,400 New York adjusted gross income minus $107,650

$215,400 $1,077,550 New York adjusted gross income minus $215,400

$1,077,550 $5,000,000 New York adjusted gross income minus $1,077,550

$5,000,000 $25,000,000 New York adjusted gross income minus $5,000,000

(iii) the phase-in fraction shall be a fraction, the numerator of

which shall be the lesser of fifty thousand dollars or the applicable

amount and the denominator of which shall be fifty thousand dollars; and

(iv) the supplemental tax due shall equal the sum of the recapture

base and the product of (i) the incremental benefit and (ii) the

phase-in fraction. Provided, however, that if the New York taxable

income of the taxpayer is less than eighty thousand six hundred fifty

dollars, the supplemental tax shall equal the difference between the

product of 6.33 percent and New York taxable income and the tax table

computation on the New York taxable income set forth in paragraph one of

subsection (c) of this section, multiplied by a fraction, the numerator

of which is the lesser of fifty thousand dollars or New York adjusted

gross income minus one hundred seven thousand six hundred fifty dollars,

and the denominator of which is fifty thousand dollars.

(B) If New York adjusted gross income is greater than twenty-five

million dollars, the supplemental tax due shall equal the difference

between the product of 10.90 percent and New York taxable income and the

tax table computation on the New York taxable income set forth in

paragraph one of subsection (c) of this section.

(d-3) Alternative tax table benefit recapture. Notwithstanding the

provisions of subsection (d), (d-1) or (d-2) of this section, for

taxable years beginning on or after two thousand twenty-two and before

two thousand twenty-three, there is hereby imposed a supplemental tax in

addition to the tax imposed under subsections (a), (b) and (c) of this

section for the purpose of recapturing the benefit of the tax tables

contained in such subsections. During these taxable years, any reference

in this chapter to subsection (d), (d-1) or (d-2) of this section shall

be read as a reference to this subsection.

(1) For resident married individuals filing joint returns and resident

surviving spouses:

(A) If New York adjusted gross income is greater than $107,650, but

not over $25,000,000:

(i) the recapture base and incremental benefit shall be determined by

New York taxable income as follows:

Greater than Not over Recapture Base Incremental Benefit

$27,900 $161,550 $0 $430

$161,550 $323,200 $430 $646

$323,200 $2,155,350 $1,076 $1,940

$2,155,350 $5,000,000 $3,016 $60,349

$5,000,000 $25,000,000 $63,365 $32,500

(ii) the applicable amount shall be determined by New York taxable

income as follows:

Greater than Not over Applicable Amount

$27,900 $161,550 New York adjusted gross income minus $107,650

$161,550 $323,200 New York adjusted gross income minus $161,550

$323,200 $2,155,350 New York adjusted gross income minus $323,200

$2,155,350 $5,000,000 New York adjusted gross income minus $2,155,350

$5,000,000 $25,000,000 New York adjusted gross income minus $5,000,000

(iii) the phase-in fraction shall be a fraction, the numerator of

which shall be the lesser of fifty thousand dollars or the applicable

amount and the denominator of which shall be fifty thousand dollars; and

(iv) the supplemental tax due shall equal the sum of the recapture

base and the product of (i) the incremental benefit and (ii) the

phase-in fraction. Provided, however, that if the New York taxable

income of the taxpayer is less than twenty-seven thousand nine hundred

dollars, the supplemental tax shall equal the difference between the

product of 5.85 percent and New York taxable income and the tax table

computation on the New York taxable income set forth in paragraph one of

subsection (a) of this section, multiplied by a fraction, the numerator

of which is the lesser of fifty thousand dollars or New York adjusted

gross income minus one hundred seven thousand six hundred fifty dollars,

and the denominator of which is fifty thousand dollars.

(B) If New York adjusted gross income is greater than twenty-five

million dollars, the supplemental tax due shall equal the difference

between the product of 10.90 percent and New York taxable income and the

tax table computation on the New York taxable income set forth in

paragraph one of subsection (a) of this section.

(2) For resident heads of households:

(A) If New York adjusted gross income is greater than $107,650, but

not over $25,000,000:

(i) the recapture base and incremental benefit shall be determined by

New York taxable income as follows:

Greater than Not over Recapture Base Incremental Benefit

$107,650 $269,300 $0 $752

$269,300 $1,616,450 $752 $1,616

$1,616,450 $5,000,000 $2,368 $45,261

$5,000,000 $25,000,000 $47,629 $32,500

(ii) the applicable amount shall be determined by New York taxable

income as follows:

Greater than Not over Applicable Amount

$107,650 $269,300 New York adjusted gross income minus $107,650

$269,300 $1,616,450 New York adjusted gross income minus $269,300

$1,616,450 $5,000,000 New York adjusted gross income minus $1,616,450

$5,000,000 $25,000,000 New York adjusted gross income minus $5,000,000

(iii) the phase-in fraction shall be a fraction, the numerator of

which shall be the lesser of fifty thousand dollars or the applicable

amount and the denominator of which shall be fifty thousand dollars; and

(iv) the supplemental tax due shall equal the sum of the recapture

base and the product of (i) the incremental benefit and (ii) the

phase-in fraction. Provided, however, that if the New York taxable

income of the taxpayer is less than one hundred seven thousand six

hundred fifty dollars, the supplemental tax shall equal the difference

between the product of 6.25 percent and New York taxable income and the

tax table computation on the New York taxable income set forth in

paragraph one of subsection (b) of this section, multiplied by a

fraction, the numerator of which is the lesser of fifty thousand dollars

or New York adjusted gross income minus one hundred seven thousand six

hundred fifty dollars, and the denominator of which is fifty thousand

dollars.

(B) If New York adjusted gross income is greater than twenty-five

million dollars, the supplemental tax due shall equal the difference

between the product of 10.90 percent and New York taxable income and the

tax table computation on the New York taxable income set forth in

paragraph one of subsection (b) of this section.

(3) For resident unmarried individuals, resident married individuals

filing separate returns and resident estates and trusts:

(A) If New York adjusted gross income is greater than $107,650, but

not over $25,000,000:

(i) the recapture base and incremental benefit shall be determined by

New York taxable income as follows:

Greater than Not over Recapture Base Incremental Benefit

$80,650 $215,400 $0 $536

$215,400 $1,077,550 $536 $1,293

$1,077,550 $5,000,000 $1,829 $30,171

$5,000,000 $25,000,000 $32,000 $32,500

(ii) the applicable amount shall be determined by New York taxable

income as follows:

Greater than Not over Applicable Amount

$80,650 $215,400 New York adjusted gross income minus $107,650

$215,400 $1,077,550 New York adjusted gross income minus $215,400

$1,077,550 $5,000,000 New York adjusted gross income minus $1,077,550

$5,000,000 $25,000,000 New York adjusted gross income minus $5,000,000

(iii) the phase-in fraction shall be a fraction, the numerator of

which shall be the lesser of fifty thousand dollars or the applicable

amount and the denominator of which shall be fifty thousand dollars; and

(iv) the supplemental tax due shall equal the sum of the recapture

base and the product of (i) the incremental benefit and (ii) the

phase-in fraction. Provided, however, that if the New York taxable

income of the taxpayer is less than eighty thousand six hundred fifty

dollars, the supplemental tax shall equal the difference between the

product of 6.25 percent and New York taxable income and the tax table

computation on the New York taxable income set forth in paragraph one of

subsection (c) of this section, multiplied by a fraction, the numerator

of which is the lesser of fifty thousand dollars or New York adjusted

gross income minus one hundred seven thousand six hundred fifty dollars,

and the denominator of which is fifty thousand dollars.

(B) If New York adjusted gross income is greater than twenty-five

million dollars, the supplemental tax due shall equal the difference

between the product of 10.90 percent and New York taxable income and the

tax table computation on the New York taxable income set forth in

paragraph one of subsection (c) of this section.

(d-4) Alternative tax table benefit recapture. Notwithstanding the

provisions of subsection (d), (d-1), (d-2) or (d-3) of this section, for

taxable years beginning on or after two thousand twenty-three and before

two thousand twenty-eight, there is hereby imposed a supplemental tax in

addition to the tax imposed under subsections (a), (b) and (c) of this

section for the purpose of recapturing the benefit of the tax tables

contained in such subsections. During these taxable years, any reference

in this chapter to subsection (d), (d-1), (d-2) or (d-3) of this section

shall be read as a reference to this subsection.

(1) For resident married individuals filing joint returns and resident

surviving spouses:

(A) If New York adjusted gross income is greater than $107,650, but

not over $25,000,000:

(i) the recapture base and incremental benefit shall be determined by

New York taxable income as follows:

Greater than Not over Recapture Base Incremental Benefit

$27,900 $161,550 $0 $333

$161,550 $323,200 $333 $807

$323,200 $2,155,350 $1,140 $2,747

$2,155,350 $5,000,000 $3,887 $60,350

$5,000,000 $25,000,000 $64,237 $32,500

(ii) the applicable amount shall be determined by New York taxable

income as follows:

Greater than Not over Applicable Amount

$27,900 $161,550 New York adjusted gross income minus $107,650

$161,550 $323,200 New York adjusted gross income minus $161,550

$323,200 $2,155,350 New York adjusted gross income minus $323,200

$2,155,350 $5,000,000 New York adjusted gross income minus $2,155,350

$5,000,000 $25,000,000 New York adjusted gross income minus $5,000,000

(iii) the phase-in fraction shall be a fraction, the numerator of

which shall be the lesser of fifty thousand dollars or the applicable

amount and the denominator of which shall be fifty thousand dollars; and

(iv) the supplemental tax due shall equal the sum of the recapture

base and the product of (i) the incremental benefit and (ii) the

phase-in fraction. Provided, however, that if the New York taxable

income of the taxpayer is less than twenty-seven thousand nine hundred

dollars, the supplemental tax shall equal the difference between the

product of 5.50 percent and New York taxable income and the tax table

computation on the New York taxable income set forth in paragraph one of

subsection (a) of this section, multiplied by a fraction, the numerator

of which is the lesser of fifty thousand dollars or New York adjusted

gross income minus one hundred seven thousand six hundred fifty dollars,

and the denominator of which is fifty thousand dollars.

(B) If New York adjusted gross income is greater than twenty-five

million dollars, the supplemental tax due shall equal the difference

between the product of 10.90 percent and New York taxable income and the

tax table computation on the New York taxable income set forth in

paragraph one of subsection (a) of this section.

(2) For resident heads of households:

(A) If New York adjusted gross income is greater than $107,650, but

not over $25,000,000:

(i) the recapture base and incremental benefit shall be determined by

New York taxable income as follows:

Greater than Not over Recapture Base Incremental Benefit

$107,650 $269,300 $0 $787

$269,300 $1,616,450 $787 $2,289

$1,616,450 $5,000,000 $3,076 $45,261

$5,000,000 $25,000,000 $48,337 $32,500

(ii) the applicable amount shall be determined by New York taxable

income as follows:

Greater than Not over Applicable Amount

$107,650 $269,300 New York adjusted gross income minus $107,650

$269,300 $1,616,450 New York adjusted gross income minus $269,300

$1,616,450 $5,000,000 New York adjusted gross income minus $1,616,450

$5,000,000 $25,000,000 New York adjusted gross income minus $5,000,000

(iii) the phase-in fraction shall be a fraction, the numerator of

which shall be the lesser of fifty thousand dollars or the applicable

amount and the denominator of which shall be fifty thousand dollars; and

(iv) the supplemental tax due shall equal the sum of the recapture

base and the product of (i) the incremental benefit and (ii) the

phase-in fraction. Provided, however, that if the New York taxable

income of the taxpayer is less than one hundred seven thousand six

hundred fifty dollars, the supplemental tax shall equal the difference

between the product of 6.00 percent and New York taxable income and the

tax table computation on the New York taxable income set forth in

paragraph one of subsection (b) of this section, multiplied by a

fraction, the numerator of which is the lesser of fifty thousand dollars

or New York adjusted gross income minus one hundred seven thousand six

hundred fifty dollars, and the denominator of which is fifty thousand

dollars.

(B) If New York adjusted gross income is greater than twenty-five

million dollars, the supplemental tax due shall equal the difference

between the product of 10.90 percent and New York taxable income and the

tax table computation on the New York taxable income set forth in

paragraph one of subsection (b) of this section.

(3) For resident unmarried individuals, resident married individuals

filing separate returns and resident estates and trusts:

(A) If New York adjusted gross income is greater than $107,650, but

not over $25,000,000:

(i) the recapture base and incremental benefit shall be determined by

New York taxable income as follows:

Greater than Not over Recapture Base Incremental Benefit

$80,650 $215,400 $0 $568

$215,400 $1,077,550 $568 $1,831

$1,077,550 $5,000,000 $2,399 $30,172

$5,000,000 $25,000,000 $32,571 $32,500

(ii) the applicable amount shall be determined by New York taxable

income as follows:

Greater than Not over Applicable Amount

$80,650 $215,400 New York adjusted gross income minus $107,650

$215,400 $1,077,550 New York adjusted gross income minus $215,400

$1,077,550 $5,000,000 New York adjusted gross income minus $1,077,550

$5,000,000 $25,000,000 New York adjusted gross income minus $5,000,000

(iii) the phase-in fraction shall be a fraction, the numerator of

which shall be the lesser of fifty thousand dollars or the applicable

amount and the denominator of which shall be fifty thousand dollars; and

(iv) the supplemental tax due shall equal the sum of the recapture

base and the product of (i) the incremental benefit and (ii) the

phase-in fraction. Provided, however, that if the New York taxable

income of the taxpayer is less than eighty thousand six hundred fifty

dollars, the supplemental tax shall equal the difference between the

product of 6.00 percent and New York taxable income and the tax table

computation on the New York taxable income set forth in paragraph one of

subsection (c) of this section, multiplied by a fraction, the numerator

of which is the lesser of fifty thousand dollars or New York adjusted

gross income minus one hundred seven thousand six hundred fifty dollars,

and the denominator of which is fifty thousand dollars.

(B) If New York adjusted gross income is greater than twenty-five

million dollars, the supplemental tax due shall equal the difference

between the product of 10.90 percent and New York taxable income and the

tax table computation on the New York taxable income set forth in

paragraph one of subsection (c) of this section.

(e) Nonresidents and part-year residents. (1) General. There is hereby

imposed for each taxable year on the taxable income which is derived

from sources in this state of every nonresident and part-year resident

individual and trust and every nonresident estate a tax which shall be

equal to the tax base multiplied by the New York source fraction.

(2) Tax base. The tax base is the tax computed under subsections (a)

through (d) of this section, as the case may be, reduced by the credits

permitted under subsections (b), (c), (d) and (m) of section six hundred

six, as if such nonresident or part-year resident individual, estate or

trust were a resident subject to the provisions of part II of this

article.

(3) New York source fraction. The New York source fraction is a

fraction the numerator of which is such individual's, estate's or

trust's New York source income determined in accordance with part III of

this article and the denominator of which is such individual's New York

adjusted gross income determined in accordance with part II of this

article or such estate's or trust's New York adjusted gross income

determined under paragraph four of this subsection.

(4) New York adjusted gross income of an estate or trust. New York

adjusted gross income of an estate or trust means its federal adjusted

gross income, determined under subsection (e) of section sixty-seven of

the internal revenue code, with the modifications provided in section

six hundred eighteen, other than that portion of the modification

provided in subsection three thereof which relates to section six

hundred fifteen.

(f) Partners and partnerships. A partnership as such shall not be

subject to tax under this article. Persons carrying on business as

partners shall be liable for tax under this article only in their

separate or individual capacities. As used in this article, the term

"partnership" shall include, unless a different meaning is clearly

required, a subchapter K limited liability company. The term "subchapter

K limited liability company" shall mean a limited liability company

classified as a partnership for federal income tax purposes. The term

"limited liability company" means a domestic limited liability company

or a foreign limited liability company, as defined in section one

hundred two of the limited liability company law, a limited liability

investment company formed pursuant to section five hundred seven of the

banking law, or a limited liability trust company formed pursuant to

section one hundred two-a of the banking law.

(g) Associations taxable as corporations. An association, trust or

other unincorporated organization which is taxable as a corporation for

federal income tax purposes shall not be subject to tax under this

article.

(h) Exempt trusts and organizations. A trust or other unincorporated

organization which by reason of its purposes or activities is exempt

from federal income tax shall be exempt from tax under this article

(regardless of whether subject to federal and state income tax on

unrelated business taxable income).

(i) Cross references. For definitions of New York taxable income of:

(1) Resident individual, see section six hundred eleven.

(2) Resident estate or trust, see section six hundred eighteen.