STATE OF NEW YORK
________________________________________________________________________
6552
2021-2022 Regular Sessions
IN ASSEMBLY
March 19, 2021
___________
Introduced by M. of A. J. A. GIGLIO -- read once and referred to the
Committee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to increasing the
base figure for the STAR exemption (Part A); and to amend the tax law,
in relation to adjusting certain rates for the imposition of personal
income tax (Part B)
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. This act enacts into law components of legislation relating
2 to the "Affordable NY act". Each component is wholly contained within a
3 Part identified as Parts A through B. The effective date for each
4 particular provision contained within such Part is set forth in the last
5 section of such Part. Any provision in any section contained within a
6 Part, including the effective date of the Part, which makes a reference
7 to a section "of this act", when used in connection with that particular
8 component, shall be deemed to mean and refer to the corresponding
9 section of the Part in which it is found. Section three of this act sets
10 forth the general effective date of this act.
11 PART A
12 Section 1. Subparagraph (vi) of paragraph (b) of subdivision 2 of
13 section 425 of the real property tax law, as added by section 1 of part
14 D-1 of chapter 57 of the laws of 2007, clause (A) as further amended by
15 subdivision (b) of section 1 of part W of chapter 56 of the laws of
16 2010, is amended to read as follows:
17 (vi) For the two thousand nine--two thousand ten school year [and
18 thereafter] through the two thousand twenty-one--two thousand twenty-two
19 school year:
20 (A) The base figure for the enhanced STAR exemption shall equal the
21 prior year's base figure multiplied by the percentage increase in the
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD08594-01-1
A. 6552 2
1 consumer price index for urban wage earners and clerical workers (CPI-W)
2 published by the United States department of labor, bureau of labor
3 statistics, for the third quarter of the calendar year preceding the
4 applicable school year, as compared to the third quarter of the prior
5 calendar year. If a base figure as so determined is not exactly equal to
6 a multiple of one hundred dollars, it shall be rounded to the nearest
7 multiple of one hundred dollars. It shall be the responsibility of the
8 commissioner to annually determine such base figures.
9 (B) The base figure for the basic STAR exemption shall be thirty thou-
10 sand dollars.
11 § 2. Paragraph (b) of subdivision 2 of section 425 of the real proper-
12 ty tax law is amended by adding a new subparagraph (vii) to read as
13 follows:
14 (vii) For the two thousand twenty-one--two thousand twenty-two school
15 year and thereafter:
16 (A) The base figure for the enhanced STAR exemption shall equal the
17 prior year's base figure multiplied by the percentage increase in the
18 consumer price index for urban wage earners and clerical workers (CPI-W)
19 published by the United States department of labor, bureau of labor
20 statistics, for the third quarter of the calendar year preceding the
21 applicable school year, as compared to the third quarter of the prior
22 calendar year, multiplied by two. If a base figure as so determined is
23 not exactly equal to a multiple of one hundred dollars, it shall be
24 rounded to the nearest multiple of one hundred dollars. It shall be the
25 responsibility of the commissioner to annually determine such base
26 figures.
27 (B) The base figure for the basic STAR exemption shall be sixty thou-
28 sand dollars.
29 § 3. Subparagraph (i) of paragraph (a) of subdivision 2 of section
30 1306-a of the real property tax law, as amended by section 1 of part LL
31 of chapter 59 of the laws of 2019, is amended to read as follows:
32 (i) The tax savings for each parcel receiving the exemption authorized
33 by section four hundred twenty-five of this chapter shall be computed by
34 subtracting the amount actually levied against the parcel from the
35 amount that would have been levied if not for the exemption[, provided
36 however, that for the two thousand eleven-two thousand twelve through
37 two thousand eighteen-two thousand nineteen school years, the tax
38 savings applicable to any "portion" (which as used herein shall mean
39 that part of an assessing unit located within a school district) shall
40 not exceed the tax savings applicable to that portion in the prior
41 school year multiplied by one hundred two percent, with the result
42 rounded to the nearest dollar; and provided further that beginning with
43 the two thousand nineteen-two thousand twenty school year: (A) for
44 purposes of the exemption authorized by section four hundred twenty-five
45 of this chapter, the tax savings applicable to any portion shall not
46 exceed the tax savings for the prior year, and (B) for purposes of the
47 credit authorized by subsection (eee) of section six hundred six of the
48 tax law, the tax savings applicable to any portion shall not exceed the
49 tax savings applicable to that portion in the prior school year multi-
50 plied by one hundred two percent, with the result rounded to the nearest
51 dollar]. The tax savings attributable to the basic and enhanced
52 exemptions shall be calculated separately. It shall be the responsibil-
53 ity of the commissioner to calculate tax savings limitations for
54 purposes of this subdivision.
55 § 4. This act shall take effect immediately.
A. 6552 3
1 PART B
2 Section 1. Paragraph 1 of subsection (a) of section 601 of the tax
3 law, as amended by section 1 of part FF of chapter 59 of the laws of
4 2013, subparagraph (B) as added by section 1 of part R of chapter 59 of
5 the laws of 2017, clauses (iii), (iv), (v), (vi) and (vii) of subpara-
6 graph (B) as amended by section 1 of part P of chapter 59 of the laws of
7 2019, is amended to read as follows:
8 (1) (A) For taxable years beginning after two thousand eleven and
9 before two thousand [eighteen] sixteen:
10 If the New York taxable income is: The tax is:
11 Not over $16,000 4% of taxable income
12 Over $16,000 but not over $22,000 $640 plus 4.5% of excess over
13 $16,000
14 Over $22,000 but not over $26,000 $910 plus 5.25% of excess over
15 $22,000
16 Over $26,000 but not over $40,000 $1,120 plus 5.90% of excess over
17 $26,000
18 Over $40,000 but not over $150,000 $1,946 plus 6.45% of excess over
19 $40,000
20 Over $150,000 but not over $300,000 $9,041 plus 6.65% of excess over
21 $150,000
22 Over $300,000 but not over $2,000,000 $19,016 plus 6.85% of excess over
23 $300,000
24 Over $2,000,000 $135,466 plus 8.82% of excess over
25 $2,000,000
26 (B)(i) For taxable years beginning in two thousand eighteen the
27 following rates shall apply:
28 If the New York taxable income is: The tax is:
29 Not over $17,150 4% of the New York taxable
30 income
31 Over $17,150 but not over $23,600 $686 plus 4.5% of excess over
32 $17,150
33 Over $23,600 but not over $27,900 $976 plus 5.25% of excess over
34 $23,600
35 Over $27,900 but not over $43,000 $1,202 plus 5.9% of excess over
36 $27,900
37 Over $43,000 but not over $161,550 $2,093 plus 6.33% of excess over
38 $43,000
39 Over $161,550 but not over $323,200 $9,597 plus 6.57% of excess over
40 $161,550
41 Over $323,200 but not over $2,155,350 $20,218 plus 6.85% of excess over
42 $323,200
43 Over $2,155,350 $145,720 plus 8.82% of excess over
44 $2,155,350
45 (ii) For taxable years beginning in two thousand nineteen the follow-
46 ing rates shall apply:
47 If the New York taxable income is: The tax is:
48 Not over $17,150 4% of the New York taxable
49 income
50 Over $17,150 but not over $23,600 $686 plus 4.5% of excess over
51 $17,150
52 Over $23,600 but not over $27,900 $976 plus 5.25% of excess over
A. 6552 4
1 $23,600
2 Over $27,900 but not over $43,000 $1,202 plus 5.9% of excess over
3 $27,900
4 Over $43,000 but not over $161,550 $2,093 plus 6.21% of excess over
5 $43,000
6 Over $161,550 but not over $323,200 $9,455 plus 6.49% of excess over
7 $161,550
8 Over $323,200 but not over $2,155,350 $19,946 plus 6.85% of excess over
9 $323,200
10 Over $2,155,350 $145,448 plus 8.82% of excess over
11 $2,155,350
12 (iii) For taxable years beginning in two thousand twenty the following
13 rates shall apply:
14 If the New York taxable income is: The tax is:
15 Not over $17,150 4% of the New York taxable income
16 Over $17,150 but not over $23,600 $686 plus 4.5% of excess over
17 $17,150
18 Over $23,600 but not over $27,900 $976 plus 5.25% of excess over
19 $23,600
20 Over $27,900 but not over $43,000 $1,202 plus 5.9% of excess over
21 $27,900
22 Over $43,000 but not over $161,550 $2,093 plus 6.09% of excess over
23 $43,000
24 Over $161,550 but not over $323,200 $9,313 plus 6.41% of excess over
25 $161,550
26 Over $323,200 but not over $19,674 plus 6.85% of excess
27 $2,155,350 over
28 $323,200 [over]
29 Over $2,155,350 $145,177 plus 8.82% of excess over
30 $2,155,350
31 [(iv) For taxable years beginning in two thousand twenty-one the
32 following rates shall apply:
33 If the New York taxable income is: The tax is:
34 Not over $17,150 4% of the New York taxable income
35 Over $17,150 but not over $23,600 $686 plus 4.5% of excess over
36 $17,150
37 Over $23,600 but not over $27,900 $976 plus 5.25% of excess over
38 $23,600
39 Over $27,900 but not over $43,000 $1,202 plus 5.9% of excess over
40 $27,900
41 Over $43,000 but not over $161,550 $2,093 plus 5.97% of excess over
42 $43,000
43 Over $161,550 but not over $323,200 $9,170 plus 6.33% of excess over
44 $161,550
45 Over $323,200 but not over $19,403 plus 6.85% of excess
46 $2,155,350 over $323,200
47 Over $2,155,350 $144,905 plus 8.82% of excess over
48 $2,155,350
49 (v) For taxable years beginning in two thousand twenty-two the follow-
50 ing rates shall apply:
51 If the New York taxable income is: The tax is:
52 Not over $17,150 4% of the New York taxable income
53 Over $17,150 but not over $23,600 $686 plus 4.5% of excess over
54 $17,150
55 Over $23,600 but not over $27,900 $976 plus 5.25% of excess over
A. 6552 5
1 $23,600
2 Over $27,900 but not over $161,550 $1,202 plus 5.85% of excess over
3 $27,900
4 Over $161,550 but not over $323,200 $9,021 plus 6.25% of excess over
5 $161,550
6 Over $323,200 but not over $2,155,350 $19,124 plus
7 6.85% of excess over $323,200
8 Over $2,155,350 $144,626 plus 8.82% of excess over
9 $2,155,350
10 (vi) For taxable years beginning in two thousand twenty-three the
11 following rates shall apply:
12 If the New York taxable income is: The tax is:
13 Not over $17,150 4% of the New York taxable income
14 Over $17,150 but not over $23,600 $686 plus 4.5% of excess over
15 $17,150
16 Over $23,600 but not over $27,900 $976 plus 5.25% of excess over
17 $23,600
18 Over $27,900 but not over $161,550 $1,202 plus 5.73% of excess over
19 $27,900
20 Over $161,550 but not over $323,200 $8,860 plus 6.17% of excess over
21 $161,550
22 Over $323,200 but not over $18,834 plus 6.85% of
23 $2,155,350 excess over $323,200
24 Over $2,155,350 $144,336 plus 8.82% of excess over
25 $2,155,350
26 (vii) For taxable years beginning in two thousand twenty-four the
27 following rates shall apply:
28 If the New York taxable income is: The tax is:
29 Not over $17,150 4% of the New York taxable income
30 Over $17,150 but not over $23,600 $686 plus 4.5% of excess over
31 $17,150
32 Over $23,600 but not over $27,900 $976 plus 5.25% of excess over
33 $23,600
34 Over $27,900 but not over $161,550 $1,202 plus 5.61% of excess over
35 $27,900
36 Over $161,550 but not over $323,200 $8,700 plus 6.09% of excess over
37 $161,550
38 Over $323,200 but not over $18,544 plus 6.85% of
39 $2,155,350 excess over $323,200
40 Over $2,155,350 $144,047 plus 8.82% of excess over
41 $2,155,350
42 (viii) For taxable years beginning after two thousand twenty-four the
43 following rates shall apply:
44 If the New York taxable income is: The tax is:
45 Not over $17,150 4% of the New York taxable income
46 Over $17,150 but not over $23,600 $686 plus 4.5% of excess over
47 $17,150
48 Over $23,600 but not over $27,900 $976 plus 5.25% of excess over
49 $23,600
50 Over $27,900 but not over $161,550 $1,202 plus 5.5% of excess over
51 $27,900
52 Over $161,550 but not over $323,200 $8,553 plus 6.00% of excess over
53 $161,550
54 Over $323,200 $18,252 plus 6.85% of excess over
55 $323,200]
A. 6552 6
1 (C) For taxable years beginning in two thousand twenty-one, the
2 following brackets and dollar amounts shall apply:
3 If the New York taxable income is: The tax is:
4 Not over $16,000 2% of taxable income
5 Over $16,000 but not over $22,000 $320 plus 2.5% of excess over
6 $16,000
7 Over $22,000 but not over $26,000 $470 plus 3.25% of excess over
8 $22,000
9 Over $26,000 but not over $40,000 $600 plus 3.90% of excess over
10 $26,000
11 Over $40,000 but not over $150,000 $1,146 plus 4.45% of excess over
12 $40,000
13 Over $150,000 but not over $300,000 $6,041 plus 4.65% of excess over
14 $150,000
15 Over $300,000 to $2 million $13,016 plus 6.85% of excess over
16 $300,000
17 § 2. Paragraph 1 of subsection (b) of section 601 of the tax law, as
18 amended by section 2 of part FF of chapter 59 of the laws of 2013,
19 subparagraph (B) as added by section 2 of part R of chapter 59 of the
20 laws of 2017, clauses (iii), (iv), (v), (vi) and (vii) of subparagraph
21 (B) as amended by section 2 of part P of chapter 59 of the laws of 2019,
22 is amended to read as follows:
23 (1) (A) For taxable years beginning after two thousand eleven and
24 before two thousand [eighteen] sixteen:
25 If the New York taxable income is: The tax is:
26 Not over $12,000 4% of taxable income
27 Over $12,000 but not over $16,500 $480 plus 4.5% of excess over
28 $12,000
29 Over $16,500 but not over $19,500 $683 plus 5.25% of excess over
30 $16,500
31 Over $19,500 but not over $30,000 $840 plus 5.90% of excess over
32 $19,500
33 Over $30,000 but not over $100,000 $1,460 plus 6.45% of excess over
34 $30,000
35 Over $100,000 but not over $250,000 $5,975 plus 6.65% of excess over
36 $100,000
37 Over $250,000 but not over $1,500,000 $15,950 plus 6.85% of excess over
38 $250,000
39 Over $1,500,000 $101,575 plus 8.82% of excess over
40 $1,500,000
41 (B)(i) For taxable years beginning in two thousand eighteen the
42 following rates shall apply:
43 If the New York taxable income is: The tax is:
44 Not over $12,800 4% of the New York taxable income
45 Over $12,800 but not over $17,650 $512 plus 4.5% of excess over $12,800
46 Over $17,650 but not over $20,900 $730 plus 5.25% of excess over
47 $17,650
48 Over $20,900 but not over $32,200 $901 plus 5.9% of excess over $20,900
49 Over $32,200 but not over $107,650 $1,568 plus 6.33% of excess over
50 $32,200
51 Over $107,650 but not over $269,300 $6,344 plus 6.57% of excess over
A. 6552 7
1 $107,650
2 Over $269,300 but not over $1,616,450 $16,964 plus 6.85% of excess over
3 $269,300
4 Over $1,616,450 $109,244 plus 8.82% of excess over
5 $1,616,450
6 (ii) For taxable years beginning in two thousand nineteen the follow-
7 ing rates shall apply:
8 If the New York taxable income is: The tax is:
9 Not over $12,800 4% of the New York taxable income
10 Over $12,800 but not over $17,650 $512 plus 4.5% of excess over $12,800
11 Over $17,650 but not over $20,900 $730 plus 5.25% of excess over
12 $17,650
13 Over $20,900 but not over $32,200 $901 plus 5.9% of excess over $20,900
14 Over $32,200 but not over $107,650 $1,568 plus 6.21% of excess over
15 $32,200
16 Over $107,650 but not over $269,300 $6,253 plus 6.49% of excess over
17 $107,650
18 Over $269,300 but not over $1,616,450 $16,744 plus 6.85% of excess over
19 $269,300
20 Over $1,616,450 $109,024 plus 8.82% of excess over
21 $1,616,450
22 (iii) For taxable years beginning in two thousand twenty the following
23 rates shall apply:
24 If the New York taxable income is: The tax is:
25 Not over $12,800 4% of the New York taxable income
26 Over $12,800 but not over $17,650 $512 plus 4.5% of excess over $12,800
27 Over $17,650 but not over $20,900 $730 plus 5.25% of excess over
28 $17,650
29 Over $20,900 but not over $32,200 $901 plus 5.9% of excess over $20,900
30 Over $32,200 but not over $107,650 $1,568 plus 6.09% of excess over
31 $32,200
32 Over $107,650 but not over $269,300 $6,162 plus 6.41% of excess over
33 $107,650
34 Over $269,300 but not over $16,524 plus 6.85% of
35 $1,616,450 excess over $269,300
36 Over $1,616,450 $108,804 plus 8.82% of excess over
37 $1,616,450
38 [(iv) For taxable years beginning in two thousand twenty-one the
39 following rates shall apply:
40 If the New York taxable income is: The tax is:
41 Not over $12,800 4% of the New York taxable income
42 Over $12,800 but not over $17,650 $512 plus 4.5% of excess over
43 $12,800
44 Over $17,650 but not over $20,900 $730 plus 5.25% of excess over
45 $17,650
46 Over $20,900 but not over $32,200 $901 plus 5.9% of excess over
47 $20,900
48 Over $32,200 but not over $107,650 $1,568 plus 5.97% of excess over
49 $32,200
50 Over $107,650 but not over $269,300 $6,072 plus 6.33% of excess over
51 $107,650
52 Over $269,300 but not over $16,304 plus 6.85% of
53 $1,616,450 excess over $269,300
54 Over $1,616,450 $108,584 plus 8.82% of excess over
55 $1,616,450
A. 6552 8
1 (v) For taxable years beginning in two thousand twenty-two the follow-
2 ing rates shall apply:
3 If the New York taxable income is: The tax is:
4 Not over $12,800 4% of the New York taxable income
5 Over $12,800 but not over $17,650 $512 plus 4.5% of excess over
6 $12,800
7 Over $17,650 but not over $20,900 $730 plus 5.25% of excess over
8 $17,650
9 Over $20,900 but not over $107,650 $901 plus 5.85% of excess over
10 $20,900
11 Over $107,650 but not over $269,300 $5,976 plus 6.25% of excess over
12 $107,650
13 Over $269,300 but not over $16,079 plus 6.85% of excess
14 $1,616,450 over $269,300
15 Over $1,616,450 $108,359 plus 8.82% of excess over
16 $1,616,450
17 (vi) For taxable years beginning in two thousand twenty-three the
18 following rates shall apply:
19 If the New York taxable income is: The tax is:
20 Not over $12,800 4% of the New York taxable income
21 Over $12,800 but not over $17,650 $512 plus 4.5% of excess over
22 $12,800
23 Over $17,650 but not over $20,900 $730 plus 5.25% of excess over
24 $17,650
25 Over $20,900 but not over $107,650 $901 plus 5.73% of excess over
26 $20,900
27 Over $107,650 but not over $269,300 $5,872 plus 6.17% of excess over
28 $107,650
29 Over $269,300 but not over $15,845 plus 6.85% of excess
30 $1,616,450 over $269,300
31 Over $1,616,450 $108,125 plus 8.82% of excess over
32 $1,616,450
33 (vii) For taxable years beginning in two thousand twenty-four the
34 following rates shall apply:
35 If the New York taxable income is: The tax is:
36 Not over $12,800 4% of the New York taxable income
37 Over $12,800 but not over $17,650 $512 plus 4.5% of excess over
38 $12,800
39 Over $17,650 but not over $20,900 $730 plus 5.25% of excess over
40 $17,650
41 Over $20,900 but not over $107,650 $901 plus 5.61% of excess over
42 $20,900
43 Over $107,650 but not over $269,300 $5,768 plus 6.09% of excess over
44 $107,650
45 Over $269,300 but not over $15,612 plus 6.85% of excess
46 $1,616,450 over $269,300
47 Over $1,616,450 $107,892 plus 8.82% of excess over
48 $1,616,450
49 (viii) For taxable years beginning after two thousand twenty-four the
50 following rates shall apply:
51 If the New York taxable income is: The tax is:
52 Not over $12,800 4% of the New York taxable income
53 Over $12,800 but not over $17,650 $512 plus 4.5% of excess over
54 $12,800
55 Over $17,650 but not over $20,900 $730 plus 5.25% of excess over
A. 6552 9
1 $17,650
2 Over $20,900 but not over $107,650 $901 plus 5.5% of excess over
3 $20,900
4 Over $107,650 but not over $269,300 $5,672 plus 6.00% of excess over
5 $107,650
6 Over $269,300 $15,371 plus 6.85% of excess over
7 $269,300]
8 (C) For taxable years beginning in two thousand twenty-one, the
9 following brackets and dollar amounts shall apply:
10 If the New York taxable income is:The tax is:
11 Not over $12,0002% of taxable income
12 Over $12,000 but not over $16,500$240 plus 2.5% of excess over
13 $12,000
14 Over $16,500 but not over $19,500$353 plus 3.25% of excess over
15 $16,500
16 Over $19,500 but not over $30,000$451 plus 3.90% of excess over
17 $19,500
18 Over $30,000 but not over $100,000$861 plus 4.45% of excess over
19 $30,000
20 Over $100,000 but not over $250,000$3,976 plus 4.65% of excess over
21 $100,000
22 Over $250,000 but not over $1.5$10,951 plus 6.85% of excess over
23 million$250,000
24 Over $1.5 million$96,576 plus 8.82% of excess over
25 $1.5 million
26 § 3. Paragraph 1 of subsection (c) of section 601 of the tax law, as
27 amended by section 3 of part FF of chapter 59 of the laws of 2013,
28 subparagraph (B) as added by section 3 of part R of chapter 59 of the
29 laws of 2017, clauses (iii), (iv), (v), (vi) and (vii) of subparagraph
30 (B) as amended by section 3 of part P of chapter 59 of the laws of 2019,
31 is amended to read as follows:
32 (1) (A) For taxable years beginning after two thousand eleven and
33 before two thousand [eighteen] sixteen:
34 If the New York taxable income is: The tax is:
35 Not over $8,000 4% of taxable income
36 Over $8,000 but not over $11,000 $320 plus 4.5% of excess over
37 $8,000
38 Over $11,000 but not over $13,000 $455 plus 5.25% of excess over
39 $11,000
40 Over $13,000 but not over $20,000 $560 plus 5.90% of excess over
41 $13,000
42 Over $20,000 but not over $75,000 $973 plus 6.45% of excess over
43 $20,000
44 Over $75,000 but not over $200,000 $4,521 plus 6.65% of excess over
45 $75,000
46 Over $200,000 but not over $1,000,000 $12,833 plus 6.85% of excess over
47 $200,000
48 Over $1,000,000 $67,633 plus 8.82% of excess over
49 $1,000,000
50 (B)(i) For taxable years beginning in two thousand eighteen the
51 following rates shall apply:
A. 6552 10
1 If the New York taxable income is: The tax is:
2 Not over $8,500 4% of the New York taxable income
3 Over $8,500 but not over $11,700 $340 plus 4.5% of excess over
4 $8,500
5 Over $11,700 but not over $13,900 $484 plus 5.25% of excess over
6 $11,700
7 Over $13,900 but not over $21,400 $600 plus 5.9% of excess over
8 $13,900
9 Over $21,400 but not over $80,650 $1,042 plus 6.33% of excess over
10 $21,400
11 Over $80,650 but not over $215,400 $4,793 plus 6.57% of excess over
12 $80,650
13 Over $215,400 but not over $1,077,550 $13,646 plus 6.85% of excess over
14 $215,400
15 Over $1,077,550 $72,703 plus 8.82% of excess over
16 $1,077,550
17 (ii) For taxable years beginning in two thousand nineteen the follow-
18 ing rates shall apply:
19 If the New York taxable income is: The tax is:
20 Not over $8,500 4% of the New York taxable income
21 Over $8,500 but not over $11,700 $340 plus 4.5% of excess over
22 $8,500
23 Over $11,700 but not over $13,900 $484 plus 5.25% of excess over
24 $11,700
25 Over $13,900 but not over $21,400 $600 plus 5.9% of excess over
26 $13,900
27 Over $21,400 but not over $80,650 $1,042 plus 6.21% of excess over
28 $21,400
29 Over $80,650 but not over $215,400 $4,721 plus 6.49% of excess over
30 $80,650
31 Over $215,400 but not over $1,077,550 $13,467 plus 6.85% of excess over
32 $215,400
33 Over $1,077,550 $72,524 plus 8.82% of excess over
34 $1,077,550
35 (iii) For taxable years beginning in two thousand twenty the following
36 rates shall apply:
37 If the New York taxable income is: The tax is:
38 Not over $8,500 4% of the New York taxable income
39 Over $8,500 but not over $11,700 $340 plus 4.5% of excess over
40 $8,500
41 Over $11,700 but not over $13,900 $484 plus 5.25% of excess over
42 $11,700
43 Over $13,900 but not over $21,400 $600 plus 5.9% of excess over
44 $13,900
45 Over $21,400 but not over $80,650 $1,042 plus 6.09% of excess over
46 $21,400
47 Over $80,650 but not over $215,400 $4,650 plus 6.41% of excess over
48 $80,650
49 Over $215,400 but not over $13,288 plus 6.85% of excess
50 $1,077,550 over $215,400
51 Over $1,077,550 $72,345 plus 8.82% of excess over
52 $1,077,550
53 [(iv) For taxable years beginning in two thousand twenty-one the
54 following rates shall apply:
A. 6552 11
1 If the New York taxable income is: The tax is:
2 Not over $8,500 4% of the New York taxable income
3 Over $8,500 but not over $11,700 $340 plus 4.5% of excess over
4 $8,500
5 Over $11,700 but not over $13,900 $484 plus 5.25% of excess over
6 $11,700
7 Over $13,900 but not over $21,400 $600 plus 5.9% of excess over
8 $13,900
9 Over $21,400 but not over $80,650 $1,042 plus 5.97% of excess over
10 $21,400
11 Over $80,650 but not over $215,400 $4,579 plus 6.33% of excess over
12 $80,650
13 Over $215,400 but not over $13,109 plus 6.85% of excess
14 $1,077,550 over $215,400
15 Over $1,077,550 $72,166 plus 8.82% of excess over
16 $1,077,550
17 (v) For taxable years beginning in two thousand twenty-two the follow-
18 ing rates shall apply:
19 If the New York taxable income is: The tax is:
20 Not over $8,500 4% of the New York taxable income
21 Over $8,500 but not over $11,700 $340 plus 4.5% of excess over
22 $8,500
23 Over $11,700 but not over $13,900 $484 plus 5.25% of excess over
24 $11,700
25 Over $13,900 but not over $80,650 $600 plus 5.85% of excess over
26 $13,900
27 Over $80,650 but not over $215,400 $4,504 plus 6.25% of excess over
28 $80,650
29 Over $215,400 but not over $12,926 plus 6.85% of excess
30 $1,077,550 over $215,400
31 Over $1,077,550 $71,984 plus 8.82% of excess over
32 $1,077,550
33 (vi) For taxable years beginning in two thousand twenty-three the
34 following rates shall apply:
35 If the New York taxable income is: The tax is:
36 Not over $8,500 4% of the New York taxable income
37 Over $8,500 but not over $11,700 $340 plus 4.5% of excess over
38 $8,500
39 Over $11,700 but not over $13,900 $484 plus 5.25% of excess over
40 $11,700
41 Over $13,900 but not over $80,650 $600 plus 5.73% of excess over
42 $13,900
43 Over $80,650 but not over $215,400 $4,424 plus 6.17% of excess over
44 $80,650
45 Over $215,400 but not over $12,738 plus 6.85% of excess
46 $1,077,550 over $215,400
47 Over $1,077,550 $71,796 plus 8.82% of excess over
48 $1,077,550
49 (vii) For taxable years beginning in two thousand twenty-four the
50 following rates shall apply:
51 If the New York taxable income is: The tax is:
52 Not over $8,500 4% of the New York taxable income
53 Over $8,500 but not over $11,700 $340 plus 4.5% of excess over
54 $8,500
55 Over $11,700 but not over $13,900 $484 plus 5.25% of excess over
A. 6552 12
1 $11,700
2 Over $13,900 but not over $80,650 $600 plus 5.61% of excess over
3 $13,900
4 Over $80,650 but not over $215,400 $4,344 plus 6.09% of excess over
5 $80,650
6 Over $215,400 but not over $12,550 plus 6.85% of excess
7 $1,077,550 over $215,400
8 Over $1,077,550 $71,608 plus 8.82% of excess over
9 $1,077,550
10 (viii) For taxable years beginning after two thousand twenty-four the
11 following rates shall apply:
12 If the New York taxable income is: The tax is:
13 Not over $8,500 4% of the New York taxable income
14 Over $8,500 but not over $11,700 $340 plus 4.5% of excess over
15 $8,500
16 Over $11,700 but not over $13,900 $484 plus 5.25% of excess over
17 $11,700
18 Over $13,900 but not over $80,650 $600 plus 5.50% of excess over
19 $13,900
20 Over $80,650 but not over $215,400 $4,271 plus 6.00% of excess over
21 $80,650
22 Over $215,400 $12,356 plus 6.85% of excess over
23 $215,400]
24 (C) For taxable years beginning in two thousand twenty-one, the
25 following brackets and dollar amounts shall apply:
26 If the New York taxable income is:The tax is:
27 Not over $8,0002% of taxable income
28 Over $8,000 but not over $11,000$160 plus 2.5% of excess over
29 $8,000
30 Over $11,000 but not over $13,000$235 plus 3.25% of excess over
31 $11,000
32 Over $13,000 but not over $20,000$300 plus 3.90% of excess over
33 $13,000
34 Over $20,000 but not over $75,000$573 plus 4.45% of excess over
35 $20,000
36 Over $75,000 but not over $200,000$3,021 plus 4.65% of excess over
37 $75,000
38 Over $200,000 to $1 million$8,834 plus 6.85% of excess over
39 $200,000
40 § 4. This act shall take effect immediately.
41 § 2. Severability clause. If any clause, sentence, paragraph, subdivi-
42 sion, section or part of this act shall be adjudged by a court of compo-
43 nent jurisdiction to be invalid, such judgment shall not affect, impair
44 or invalidate the remainder thereof, but shall be confined in its opera-
45 tion to the clause, sentence, paragraph, subdivision, section or part
46 thereof directly involved in the controversy in which such judgment
47 shall have been rendered. It is hereby declared to be in the intent of
48 the legislature that this act would have been enacted even if such
49 invalid provisions had not been included herein.
50 § 3. This act shall take effect immediately provided, however, that
51 the applicable effective date of Parts A through B of this act shall be
52 as specifically set forth in the last section of such Parts.