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Current as of January 01, 2026 | Updated by Findlaw Staff
The tax imposed by section two shall be determined in accordance with the following table:
|
If the city taxable income is: |
The tax is: |
|---|---|
|
Not over $1,000 |
0.4% of the city taxable income |
|
Over $1,000 but not over $3,000
|
$4 plus 0.6% of excess over $1,000 |
|
Over $3,000 but not over $6,000
|
$16 plus 0.8% of excess over $3,000 |
|
Over $6,000 but not over $10,000
|
$40 plus 1.0% of excess over $6,000 |
|
Over $10,000 but not over $15,000 |
$80 plus 1.2% of excess over $10,000 |
|
Over $15,000 but not over $20,000 |
$140 plus 1.4% of excess over $15,000 |
|
Over $20,000 but not over $25,000 |
$210 plus 1.6% of excess over $20,000 |
|
Over $25,000 but not over $30,000 |
$290 plus 1.8% of excess over $25,000 |
|
Over $30,000 |
$380 plus 2.0% of excess over $30,000 |
Cite this article: FindLaw.com - New York Consolidated Laws, General City Law - GCT § 3. Rate of tax - last updated January 01, 2026 | https://codes.findlaw.com/ny/general-city-law/gct-sect-3-nr2/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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