N.Y. Tax Law § 1304-b: Additional tax

§ 1304-B. Additional tax. (a) (1) In addition to any other taxes

authorized by this article, any city imposing such taxes is hereby

authorized and empowered to adopt and amend local laws imposing in any

such city for each taxable year beginning after nineteen hundred ninety

but before two thousand thirty, an additional tax on the city taxable

income of every city resident individual, estate and trust, to be

calculated for each taxable year as follows: (i) for each taxable year

beginning after nineteen hundred ninety but before nineteen hundred

ninety-nine, at the rate of fourteen percent of the sum of the taxes for

each such taxable year determined pursuant to section thirteen hundred

four and section thirteen hundred four-A of this article; and (ii) for

each taxable year beginning after nineteen hundred ninety-eight, at the

rate of fourteen percent of the tax for such taxable year determined

pursuant to such section thirteen hundred four.

(2) Notwithstanding paragraph one of this subsection, for each taxable

year beginning after nineteen hundred ninety-nine but before two

thousand thirty, any city imposing such additional tax may by local law

impose such tax at a rate that is less than fourteen percent and may

impose such tax at more than one rate depending upon the filing status

and city taxable income of such city resident individual, estate or

trust.

(3) A local law enacted pursuant to paragraph two of this subsection

shall be applicable with respect to any taxable year only if it has been

enacted on or before July thirty-first of such year. A certified copy of

such local law shall be mailed by registered mail to the department at

its office in Albany within fifteen days of its enactment. However, the

department may allow additional time for such certified copy to be

mailed if it deems such action to be consistent with its duties under

this article.

(b) The additional tax imposed pursuant to the authority of this

section shall be administered, collected and distributed by the

commissioner of taxation and finance in the same manner as the other

taxes imposed pursuant to the authority of this article, and all of the

provisions of this article, including section thirteen hundred ten of

this article, shall apply to the additional tax authorized by this

section.