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869 — New York Law | CourtGPT
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  5. Article 24-b - City Pass-through Entity Tax867 - Definitions/
  6. 869
New York Legal Code

869

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A tax is hereby imposed for each taxable year on the city pass-through entity taxable income of every electing city partnership and every electing city resident S corporation. This tax shall be in addition to any other taxes imposed on such partnership or such S corporation. For each taxable year beginning on or after January first, two thousand twenty-two, the rate of tax shall be 3.876 percent of city pass-through entity taxable income.