LBD15559-03-0
S. 8164 2
OVER $10,000,000 BUT NOT OVER $861,803 PLUS 9.82% OF EXCESS OVER
$100,000,000 $10,000,000
Over [$2,155,350 $144,905 plus 8.82% of excess over
$2,155,350]
$100,000,000 $9,699,803 PLUS 10.32% OF EXCESS
OVER $100,000,000
(v) For taxable years beginning in two thousand twenty-two the follow-
ing rates shall apply:
If the New York taxable income is: The tax is:
Not over $17,150 4% of the New York taxable income
Over $17,150 but not over $23,600 $686 plus 4.5% of excess over
$17,150
Over $23,600 but not over $27,900 $976 plus 5.25% of excess over
$23,600
Over $27,900 but not over $161,550 $1,202 plus 5.85% of excess over
$27,900
Over $161,550 but not over $323,200 $9,021 plus 6.25% of excess over
$161,550
Over $323,200 but not over $19,124 plus
$2,155,350 6.85% of excess over $323,200
OVER $2,155,350 BUT NOT OVER $144,626 PLUS 8.82% OF EXCESS OVER
$5,000,000 $2,155,350
OVER $5,000,000 BUT NOT OVER $395,524 PLUS 9.32% OF EXCESS OVER
$10,000,000 $5,000,000
OVER $10,000,000 BUT NOT OVER $861,524 PLUS 9.82% OF EXCESS OVER
$100,000,000 $10,000,000
Over [$2,155,350 $144,626 plus 8.82% of excess over
$2,155,350]
$100,000,000 $9,699,524 PLUS 10.32% OF
EXCESS OVER $100,000,000
(vi) For taxable years beginning in two thousand twenty-three the
following rates shall apply:
If the New York taxable income is: The tax is:
Not over $17,150 4% of the New York taxable income
Over $17,150 but not over $23,600 $686 plus 4.5% of excess over
$17,150
Over $23,600 but not over $27,900 $976 plus 5.25% of excess over
$23,600
Over $27,900 but not over $161,550 $1,202 plus 5.73% of excess over
$27,900
Over $161,550 but not over $323,200 $8,860 plus 6.17% of excess over
$161,550
Over $323,200 but not over $18,834 plus 6.85% of
$2,155,350 excess over $323,200
OVER $2,155,350 BUT NOT OVER $144,336 PLUS 8.82% OF EXCESS OVER
$5,000,000 $2,155,350
OVER $5,000,000 BUT NOT OVER $395,234 PLUS 9.32% OF EXCESS OVER
$10,000,000 $5,000,000
OVER $10,000,000 BUT NOT OVER $861,234 PLUS 9.82% OF EXCESS OVER
$100,000,000 $10,000,000
Over [$2,155,350 $144,336 plus 8.82% of excess over
$2,155,350]
$100,000,000 $9,699,234 PLUS 10.32% OF EXCESS
OVER $100,000,000
(vii) For taxable years beginning in two thousand twenty-four the
following rates shall apply:
S. 8164 3
If the New York taxable income is: The tax is:
Not over $17,150 4% of the New York taxable income
Over $17,150 but not over $23,600 $686 plus 4.5% of excess over
$17,150
Over $23,600 but not over $27,900 $976 plus 5.25% of excess over
$23,600
Over $27,900 but not over $161,550 $1,202 plus 5.61% of excess over
$27,900
Over $161,550 but not over $323,200 $8,700 plus 6.09% of excess over
$161,550
Over $323,200 but not over $18,544 plus 6.85% of
$2,155,350 excess over $323,200
OVER $2,155,350 BUT NOT OVER $144,047 PLUS 8.82% OF EXCESS OVER
$5,000,000 $2,155,350
OVER $5,000,000 BUT NOT OVER $394,945 PLUS 9.32% OF EXCESS OVER
$10,000,000 $5,000,000
OVER $10,000,000 BUT NOT OVER $860,945 PLUS 9.82% OF EXCESS OVER
$100,000,000 $10,000,000
Over [$2,155,350 $144,047 plus 8.82% of excess over
$2,155,350]
$100,000,000 $9,698,945 PLUS 10.32% OF EXCESS
OVER $100,000,000
(viii) For taxable years beginning after two thousand twenty-four the
following rates shall apply:
If the New York taxable income is: The tax is:
Not over $17,150 4% of the New York taxable income
Over $17,150 but not over $23,600 $686 plus 4.5% of excess over
$17,150
Over $23,600 but not over $27,900 $976 plus 5.25% of excess over
$23,600
Over $27,900 but not over $161,550 $1,202 plus 5.5% of excess over
$27,900
Over $161,550 but not over $323,200 $8,553 plus 6.00% of excess over
$161,550
Over $323,200 BUT NOT OVER $18,252 plus 6.85% of excess
$2,155,350 over $323,200
OVER $2,155,350 BUT NOT OVER $143,754 PLUS 8.82% OF EXCESS OVER
$5,000,000 $2,155,350
OVER $5,000,000 BUT NOT OVER $394,652 PLUS 9.32% OF EXCESS OVER
$10,000,000 $5,000,000
OVER $10,000,000 BUT NOT OVER $860,652 PLUS 9.82% OF EXCESS OVER
$100,000,000 $10,000,000
OVER $100,000,000 $9,698,652 PLUS 10.32% OF EXCESS
OVER $100,000,000
§ 2. Clauses (iv), (v), (vi), (vii) and (viii) of subparagraph (B) of
paragraph 1 of subsection (b) of section 601 of the tax law, clauses
(iv), (v), (vi) and (vii) as amended by section 2 of part P of chapter
59 of the laws of 2019, and clause (viii) as added by section 2 of part
R of chapter 59 of the laws of 2017, are amended to read as follows:
(iv) For taxable years beginning in two thousand twenty-one the
following rates shall apply:
If the New York taxable income is: The tax is:
Not over $12,800 4% of the New York taxable income
Over $12,800 but not over $17,650 $512 plus 4.5% of excess over
$12,800
Over $17,650 but not over $20,900 $730 plus 5.25% of excess over
S. 8164 4
$17,650
Over $20,900 but not over $32,200 $901 plus 5.9% of excess over
$20,900
Over $32,200 but not over $107,650 $1,568 plus 5.97% of excess over
$32,200
Over $107,650 but not over $269,300 $6,072 plus 6.33% of excess over
$107,650
Over $269,300 but not over $16,304 plus 6.85% of
$1,616,450 excess over $269,300
OVER $1,616,450 BUT NOT OVER $108,584 PLUS 8.82% OF EXCESS OVER
$5,000,000 $1,616,450
OVER $5,000,000 BUT NOT OVER $407,013 PLUS 9.32% OF EXCESS OVER
$10,000,000 $5,000,000
OVER $10,000,000 BUT NOT OVER $873,013 PLUS 9.82% OF EXCESS OVER
$100,000,000 $10,000,000
Over [$1,616,450 $108,584 plus 8.82% of excess over
$1,616,450]
$100,000,000 $9,711,013 PLUS 10.32% OF EXCESS
OVER $100,000,000
(v) For taxable years beginning in two thousand twenty-two the follow-
ing rates shall apply:
If the New York taxable income is: The tax is:
Not over $12,800 4% of the New York taxable income
Over $12,800 but not over $17,650 $512 plus 4.5% of excess over
$12,800
Over $17,650 but not over $20,900 $730 plus 5.25% of excess over
$17,650
Over $20,900 but not over $107,650 $901 plus 5.85% of excess over
$20,900
Over $107,650 but not over $269,300 $5,976 plus 6.25% of excess over
$107,650
Over $269,300 but not over $16,079 plus 6.85% of excess
$1,616,450 over $269,300
OVER $1,616,450 BUT NOT OVER $108,359 PLUS 8.82% OF EXCESS OVER
$5,000,000 $1,616,450
OVER $5,000,000 BUT NOT OVER $406,788 PLUS 9.32% OF EXCESS OVER
$10,000,000 $5,000,000
OVER $10,000,000 BUT NOT OVER $872,788 PLUS 9.82% OF EXCESS OVER
$100,000,000 $10,000,000
Over [$1,616,450 $108,359 plus 8.82% of excess over
$1,616,450]
$100,000,000 $9,710,788 PLUS 10.32% OF EXCESS
OVER $100,000,000
(vi) For taxable years beginning in two thousand twenty-three the
following rates shall apply:
If the New York taxable income is: The tax is:
Not over $12,800 4% of the New York taxable income
Over $12,800 but not over $17,650 $512 plus 4.5% of excess over
$12,800
Over $17,650 but not over $20,900 $730 plus 5.25% of excess over
$17,650
Over $20,900 but not over $107,650 $901 plus 5.73% of excess over
$20,900
Over $107,650 but not over $269,300 $5,872 plus 6.17% of excess over
S. 8164 5
$107,650
Over $269,300 but not over $15,845 plus 6.85% of excess
$1,616,450 over $269,300
OVER $1,616,450 BUT NOT OVER $108,125 PLUS 8.82% OF EXCESS OVER
$5,000,000 $1,616,450
OVER $5,000,000 BUT NOT OVER $406,544 PLUS 9.32% OF EXCESS OVER
$10,000,000 $5,000,000
OVER $10,000,000 BUT NOT OVER $872,544 PLUS 9.82% OF EXCESS OVER
$100,000,000 $10,000,000
Over [$1,616,450 $108,125 plus 8.82% of excess over
$1,616,450]
$100,000,000 $9,710,544 PLUS 10.32% OF EXCESS
OVER $100,000,000
(vii) For taxable years beginning in two thousand twenty-four the
following rates shall apply:
If the New York taxable income is: The tax is:
Not over $12,800 4% of the New York taxable income
Over $12,800 but not over $17,650 $512 plus 4.5% of excess over
$12,800
Over $17,650 but not over $20,900 $730 plus 5.25% of excess over
$17,650
Over $20,900 but not over $107,650 $901 plus 5.61% of excess over
$20,900
Over $107,650 but not over $269,300 $5,768 plus 6.09% of excess over
$107,650
Over $269,300 but not over $15,612 plus 6.85% of excess
$1,616,450 over $269,300
OVER $1,616,450 BUT NOT OVER $107,892 PLUS 8.82% OF EXCESS OVER
$5,000,000 $1,616,450
OVER $5,000,000 BUT NOT OVER $406,321 PLUS 9.32% OF EXCESS OVER
$10,000,000 $5,000,000
OVER $10,000,000 BUT NOT OVER $872,321 PLUS 9.82% OF EXCESS OVER
$100,000,000 $10,000,000
Over [$1,616,450 $107,892 plus 8.82% of excess over
$1,616,450]
$100,000,000 $9,710,321 PLUS 10.32% OF EXCESS
OVER $100,000,000
(viii) For taxable years beginning after two thousand twenty-four the
following rates shall apply:
If the New York taxable income is: The tax is:
Not over $12,800 4% of the New York taxable income
Over $12,800 but not over $17,650 $512 plus 4.5% of excess over
$12,800
Over $17,650 but not over $20,900 $730 plus 5.25% of excess over
$17,650
Over $20,900 but not over $107,650 $901 plus 5.5% of excess over
$20,900
Over $107,650 but not over $269,300 $5,672 plus 6.00% of excess over
$107,650
Over $269,300 BUT NOT OVER $15,371 plus 6.85% of excess
$1,616,450 over $269,300
OVER $1,616,450 BUT NOT OVER $107,651 PLUS 8.82% OF EXCESS OVER
$5,000,000 $1,616,450
OVER $5,000,000 BUT NOT OVER $406,080 PLUS 9.32% OF EXCESS OVER
$10,000,000 $5,000,000
OVER $10,000,000 BUT NOT OVER $872,080 PLUS 9.82% OF EXCESS OVER
S. 8164 6
$100,000,000 $10,000,000
OVER $100,000,000 $9,710,080 PLUS 10.32% OF EXCESS
OVER $100,000,000
§ 3. Clauses (iv), (v), (vi), (vii) and (viii) of subparagraph (B) of
paragraph 1 of subsection (c) of section 601 of the tax law, clauses
(iv), (v), (vi) and (vii) as amended by section 3 of part P of chapter
59 of the laws of 2019, and clause (viii) as added by section 3 of part
R of chapter 59 of the laws of 2017, are amended to read as follows:
(iv) For taxable years beginning in two thousand twenty-one the
following rates shall apply:
If the New York taxable income is: The tax is:
Not over $8,500 4% of the New York taxable income
Over $8,500 but not over $11,700 $340 plus 4.5% of excess over
$8,500
Over $11,700 but not over $13,900 $484 plus 5.25% of excess over
$11,700
Over $13,900 but not over $21,400 $600 plus 5.9% of excess over
$13,900
Over $21,400 but not over $80,650 $1,042 plus 5.97% of excess over
$21,400
Over $80,650 but not over $215,400 $4,579 plus 6.33% of excess over
$80,650
Over $215,400 but not over $13,109 plus 6.85% of excess
$1,077,550 over $215,400
OVER $1,077,550 BUT NOT OVER $72,166 PLUS 8.82% OF EXCESS OVER
$5,000,000 $1,077,550
OVER $5,000,000 BUT NOT OVER $418,126 PLUS 9.32% OF EXCESS OVER
$10,000,000 $5,000,000
OVER $10,000,000 BUT NOT OVER $884,126 PLUS 9.82% OF EXCESS OVER
$100,000,000 $10,000,000
Over [$1,077,550 $72,166 plus 8.82% of excess over
$1,077,550]
$100,000,000 $9,722,126 PLUS 10.32% OF EXCESS
OVER $100,000,000
(v) For taxable years beginning in two thousand twenty-two the follow-
ing rates shall apply:
If the New York taxable income is: The tax is:
Not over $8,500 4% of the New York taxable income
Over $8,500 but not over $11,700 $340 plus 4.5% of excess over
$8,500
Over $11,700 but not over $13,900 $484 plus 5.25% of excess over
$11,700
Over $13,900 but not over $80,650 $600 plus 5.85% of excess over
$13,900
Over $80,650 but not over $215,400 $4,504 plus 6.25% of excess over
$80,650
Over $215,400 but not over $12,926 plus 6.85% of excess
$1,077,550 over $215,400
OVER $1,077,550 BUT NOT OVER $71,984 PLUS 8.82% OF EXCESS OVER
$5,000,000 $1,077,550
OVER $5,000,000 BUT NOT OVER $ 417,944 PLUS 9.32% OF EXCESS OVER
$10,000,000 $5,000,000
OVER $10,000,000 BUT NOT OVER $883,994 PLUS 9.82% OF EXCESS OVER
$100,000,000 $10,000,000
Over [$1,077,550 $71,984 plus 8.82% of excess over
$1,077,550]
S. 8164 7
$100,000,000 $9,721,944 PLUS 10.32% OF EXCESS
OVER $100,000,000
(vi) For taxable years beginning in two thousand twenty-three the
following rates shall apply:
If the New York taxable income is: The tax is:
Not over $8,500 4% of the New York taxable income
Over $8,500 but not over $11,700 $340 plus 4.5% of excess over
$8,500
Over $11,700 but not over $13,900 $484 plus 5.25% of excess over
$11,700
Over $13,900 but not over $80,650 $600 plus 5.73% of excess over
$13,900
Over $80,650 but not over $215,400 $4,424 plus 6.17% of excess over
$80,650
Over $215,400 but not over $12,738 plus 6.85% of excess
$1,077,550 over $215,400
OVER $1,077,550 BUT NOT OVER $71,796 PLUS 8.82% OF EXCESS OVER
$5,000,000 $1,077,550
OVER $5,000,000 BUT NOT OVER $417,756 PLUS 9.32% OF EXCESS OVER
$10,000,000 $5,000,000
OVER $10,000,000 BUT NOT OVER $883,756 PLUS 9.82% OF EXCESS OVER
$100,000,000 $10,000,000
Over [$1,077,550 $71,796 plus 8.82% of excess over
$1,077,550]
$100,000,000 $9,721,756 PLUS 10.32% OF EXCESS
OVER $100,000,000
(vii) For taxable years beginning in two thousand twenty-four the
following rates shall apply:
If the New York taxable income is: The tax is:
Not over $8,500 4% of the New York taxable income
Over $8,500 but not over $11,700 $340 plus 4.5% of excess over
$8,500
Over $11,700 but not over $13,900 $484 plus 5.25% of excess over
$11,700
Over $13,900 but not over $80,650 $600 plus 5.61% of excess over
$13,900
Over $80,650 but not over $215,400 $4,344 plus 6.09% of excess over
$80,650
Over $215,400 but not over $12,550 plus 6.85% of excess
$1,077,550 over $215,400
OVER $1,077,550 BUT NOT OVER $71,608 PLUS 8.82% OF EXCESS OVER
$5,000,000 $1,077,550
OVER $5,000,000 BUT NOT OVER $417,568 PLUS 9.32% OF EXCESS OVER
$10,000,000 $5,000,000
OVER $10,000,000 BUT NOT OVER $883,568 PLUS 9.82% OF EXCESS OVER
$100,000,000 $10,000,000
Over [$1,077,550 $71,608 plus 8.82% of excess over
$1,077,550]
$100,000,000 $9,721,568 PLUS 10.32% OF EXCESS
OVER $100,000,000
(viii) For taxable years beginning after two thousand twenty-four the
following rates shall apply:
If the New York taxable income is: The tax is:
Not over $8,500 4% of the New York taxable income
Over $8,500 but not over $11,700 $340 plus 4.5% of excess over
S. 8164 8
$8,500
Over $11,700 but not over $13,900 $484 plus 5.25% of excess over
$11,700
Over $13,900 but not over $80,650 $600 plus 5.50% of excess over
$13,900
Over $80,650 but not over $215,400 $4,271 plus 6.00% of excess over
$80,650
Over $215,400 BUT NOT OVER $12,356 plus 6.85% of excess
$1,077,550 over $215,400
OVER $1,077,550 BUT NOT OVER $71,413 PLUS 8.82% OF EXCESS OVER
$5,000,000 $1,077,550
OVER $5,000,000 BUT NOT OVER $417,373 PLUS 9.32% OF EXCESS OVER
$10,000,000 $5,000,000
OVER $10,000,000 BUT NOT OVER $883,373 PLUS 9.82% OF EXCESS OVER
$100,000,000 $10,000,000
OVER $100,000,000 $9,721,373 PLUS 10.32% OF EXCESS
OVER $100,000,000
§ 4. This act shall take effect immediately.