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The Laws of New York
Consolidated Laws of New York
CHAPTER 60
Tax
ARTICLE 24-B
City Pass-through Entity Tax
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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
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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.