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Current as of January 01, 2024 | Updated by FindLaw Staff
(a) Specific credit for individuals.--For taxable years beginning on or after July first, nineteen hundred sixty-seven, a local law imposing a tax on the personal income of residents as authorized by this article may provide for the allowance of the following credits:
(1) A credit not in excess of two dollars and fifty cents for an individual who is not married and is not the head of a household and is not a surviving spouse;
(2) A credit not in excess of six dollars and fifty cents for husband and wife, provided that if their taxes are separately computed (whether or not on a single form), the credit allowable to each shall be three dollars and twenty-five cents; and
(3) A credit not in excess of six dollars and fifty cents for the head of a household or for a surviving spouse.
(b) Marital or other status.--A taxpayer's marital or other status under this section shall be the same as his marital or other status for purposes of establishing the applicable federal income tax rates.
Cite this article: FindLaw.com - New York Consolidated Laws, General City Law - GCT § 25-b. Credits against tax - last updated January 01, 2024 | https://codes.findlaw.com/ny/general-city-law/gct-sect-25-b/
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