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  • SECTION 868
    City pass-through entity tax election
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  • ARTICLE 24-B
    City Pass-through Entity Tax
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  • SECTION 870
    City pass-through entity tax credit
    • This entry was published on 2025-08-15
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    SECTION 869

    Imposition and rate of tax

    Tax (TAX) CHAPTER 60, ARTICLE 24-B

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