Form Tsb-M-06(4)i - Supplemental Summary Of Personal Income Tax Legislative Changes Enacted In 2005 And Expiring Provisions - Office Of Tax Policy Analysis Technical Services Division Page 7
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TSB-M-06(4)I
Income Tax
April 12, 2006
New York City temporary increase in resident personal income tax rates and tax benefit
recapture provisions
The New York City personal income tax rates for residents, imposed under section
11-1701(a) of the Administrative Code of the City of New York (the Code), the 14% additional
tax imposed under section 11-1704.1, and the 2.85% minimum income tax imposed under
section 11-1702 of the Code have been extended to tax years beginning before 2009. The
resident tax rates under section 11-1701(a) and the additional tax under section 11-1704.1 were
temporarily suspended for tax years 2003, 2004, and 2005, and replaced with new rates and a tax
benefit recapture under sections 11-1701(g) and (h) of the Code.
Since the tax rates and tax benefit recapture imposed under sections 11-1701(g) and (h)
have expired for tax years beginning after 2005, the tax rates contained in section 11-1701(a) of
the Code and the 14% additional tax under section 11-1704.1 of the Code will apply to tax years
beginning after 2005 and before 2009. Accordingly, the New York City personal income tax
rates for tax years beginning in 2006 are as follows:
Married filing jointly and qualifying widow(er)
If the city taxable income is:
The tax is:
Not over $21,600 . . . . . . . . . . . . . . . . . .
2.907% of city taxable income
Over $21,600 but not over $45,000 . . . .
$628 plus 3.534% of the excess over $21,600
Over $45,000 but not over $90,000 . . . .
$1,455 plus 3.591% of the excess over $45,000
Over $90,000 . . . . . . . . . . . . . . . . . . . . .
$3,071 plus 3.648% of the excess over $90,000
Single, married filing separately, and estates and trusts
If the city taxable income is:
The tax is:
Not over $12,000 . . . . . . . . . . . . . . . . . .
2.907% of city taxable income
Over $12,000 but not over $25,000 . . . .
$349 plus 3.534% of the excess over $12,000
Over $25,000 but not over $50,000 . . . .
$808 plus 3.591% of the excess over $25,000
Over $50,000 . . . . . . . . . . . . . . . . . . . . .
$1,706 plus 3.648% of the excess over $50,000
Head of household
If the city taxable income is:
The tax is:
Not over $14,400 . . . . . . . . . . . . . . . . . .
2.907% of city taxable income
Over $14,400 but not over $30,000 . . . .
$419 plus 3.534% of the excess over $14,400
Over $30,000 but not over $60,000 . . . .
$970 plus 3.591% of the excess over $30,000
Over $60,000 . . . . . . . . . . . . . . . . . . . . .
$2,047 plus 3.648% of the excess over $60,000
(Tax Law, section 1301, 1301-A, 1304, and 1304-B; Administrative Code of the City of New
York, sections 11-1701, 11-1702, 11-1704.1)
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