Legislation
SECTION 15-116
Imposition of tax; exclusion
Yonkers Income Tax Surcharge (YTS) CHAPTER ROOT, ARTICLE 10
§ 15-116. Imposition of tax; exclusion.
A. Imposition of tax. A tax is hereby imposed at a rate of 1/4 of 1%
on the wages earned, and net earnings from self-employment, within the
City of Yonkers of every nonresident, individual, estate and trust.
B. Exclusion.
(1) In computing the amount of wages and net earnings from
self-employment taxable under Subsection A of this section, there shall
be allowed an exclusion against the total of wages and net earnings from
self-employment in accordance with the following table:
Total of
Wages and Net
Earnings from Exclusion
Self-Employment Allowable
Not over $10,000.00 $3,000.00
Over $10,000.00 but not over $20,000.00 $2,000.00
Over $20,000.00 but not over $30,000.00 $1,000.00
Over $30,000.00 None
(2) The exclusion allowable shall be applied pro rata against wages
and net earnings from self-employment.
(3) For taxable periods of less than one year, the exclusion allowable
shall be prorated pursuant to regulations of the State Tax Commission.
C. Limitation. In no event shall a taxpayer be subject to the tax
under this article in an amount greater than he/she would be required to
pay if he/she were a resident of the City of Yonkers and subject to the
City of Yonkers income tax surcharge on residents of the City of Yonkers
adopted by the City of Yonkers pursuant to authority granted by Article
30-A of the Tax Law.
A. Imposition of tax. A tax is hereby imposed at a rate of 1/4 of 1%
on the wages earned, and net earnings from self-employment, within the
City of Yonkers of every nonresident, individual, estate and trust.
B. Exclusion.
(1) In computing the amount of wages and net earnings from
self-employment taxable under Subsection A of this section, there shall
be allowed an exclusion against the total of wages and net earnings from
self-employment in accordance with the following table:
Total of
Wages and Net
Earnings from Exclusion
Self-Employment Allowable
Not over $10,000.00 $3,000.00
Over $10,000.00 but not over $20,000.00 $2,000.00
Over $20,000.00 but not over $30,000.00 $1,000.00
Over $30,000.00 None
(2) The exclusion allowable shall be applied pro rata against wages
and net earnings from self-employment.
(3) For taxable periods of less than one year, the exclusion allowable
shall be prorated pursuant to regulations of the State Tax Commission.
C. Limitation. In no event shall a taxpayer be subject to the tax
under this article in an amount greater than he/she would be required to
pay if he/she were a resident of the City of Yonkers and subject to the
City of Yonkers income tax surcharge on residents of the City of Yonkers
adopted by the City of Yonkers pursuant to authority granted by Article
30-A of the Tax Law.