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SECTION 952
Tax imposed
Tax (TAX) CHAPTER 60, ARTICLE 26, PART 1
§ 952. Tax imposed. (a) A tax is hereby imposed on the transfer of the
New York estate by every deceased individual who at his or her death was
a resident of New York state.

(b) Computation of tax. The tax imposed by this section shall be
computed on the deceased resident's New York taxable estate as follows:
If the New York taxable estate is: The tax is:
Not over $500,000 3.06% of taxable estate
Over $500,000 but not over $1,000,000 $15,300 plus 5.0% of excess over

$500,000
Over $1,000,000 but not over $1,500,000 $40,300 plus 5.5% of excess over

$1,000,000
Over $1,500,000 but not over $2,100,000 $67,800 plus 6.5% of excess over

$1,500,000
Over $2,100,000 but not over $2,600,000 $106,800 plus 8.0% of excess

over $2,100,000
Over $2,600,000 but not over $3,100,000 $146,800 plus 8.8% of excess over

$2,600,000
Over $3,100,000 but not over $3,600,000 $190,800 plus 9.6% of excess over

$3,100,000
Over $3,600,000 but not over $4,100,000 $238,800 plus 10.4% of excess

over $3,600,000
Over $4,100,000 but not over $5,100,000 $290,800 plus 11.2% of excess

over $4,100,000
Over $5,100,000 but not over $6,100,000 $402,800 plus 12.0% of excess

over $5,100,000
Over $6,100,000 but not over $7,100,000 $522,800 plus 12.8% of excess

over $6,100,000
Over $7,100,000 but not over $8,100,000 $650,800 plus 13.6% of excess

over $7,100,000
Over $8,100,000 but not over $9,100,000 $786,800 plus 14.4% of excess

over $8,100,000
Over $9,100,000 but not over $930,800 plus 15.2% of excess over
$10,100,000 $9,100,000
Over $10,100,000 $1,082,800 plus 16.0% of excess

over $10,100,000

(c) Applicable credit amount. (1) A credit of the applicable credit
amount shall be allowed against the tax imposed by this section as
provided in this subsection. In the case of a decedent whose New York
taxable estate is less than or equal to the basic exclusion amount, the
applicable credit amount shall be the amount of tax that would be due
under subsection (b) of this section on such decedent's New York taxable
estate. In the case of a decedent whose New York taxable estate exceeds
the basic exclusion amount by an amount that is less than or equal to
five percent of such amount, the applicable credit amount shall be the
amount of tax that would be due under subsection (b) of this section if
the amount on which the tax is to be computed were equal to the basic
exclusion amount multiplied by one minus a fraction, the numerator of
which is the decedent's New York taxable estate minus the basic
exclusion amount, and the denominator of which is five percent of the
basic exclusion amount. Provided, however, that the credit allowed by
this subsection shall not exceed the tax imposed by this section, and no
credit shall be allowed to the estate of any decedent whose New York
taxable estate exceeds one hundred five percent of the basic exclusion
amount.

(2) (A) For purposes of this section, the basic exclusion amount shall
be as follows:
In the case of decedents dying on or after: The basic exclusion amount
is:
April 1, 2014 and before April 1, 2015 $ 2,062,500
April 1, 2015 and before April 1, 2016 3,125,000
April 1, 2016 and before April 1, 2017 4,187,500
April 1, 2017 and before January 1, 2019 5,250,000

(B) In the case of any decedent dying in a calendar year beginning on
or after January first, two thousand nineteen, the basic exclusion
amount shall be equal to:

(i) five million dollars, multiplied by

(ii) one plus the cost-of-living adjustment, which shall be the
percentage by which the consumer price index for the preceding calendar
year exceeds the consumer price index for calendar year two thousand
ten.

(C) (i) For purposes of this paragraph, "consumer price index" means
the most recent consumer price index for all-urban consumers published
by the United States department of labor.

(ii) For purposes of clause (ii) of subparagraph (B) of this
paragraph, the consumer price index for any calendar year shall be the
average of the consumer price index as of the close of the twelve-month
period ending on August thirty-first of such calendar year.

(iii) If any amount adjusted under this paragraph is not a multiple of
ten thousand dollars, such amount shall be rounded to the nearest
multiple of ten thousand dollars.