N.Y. Yonkers income tax surcharge § 15-116: Imposition of tax; exclusion

§ 15-116. Imposition of tax; exclusion.

A. Imposition of tax. A tax is hereby imposed at a rate of 1/4 of 1%

on the wages earned, and net earnings from self-employment, within the

City of Yonkers of every nonresident, individual, estate and trust.

B. Exclusion.

(1) In computing the amount of wages and net earnings from

self-employment taxable under Subsection A of this section, there shall

be allowed an exclusion against the total of wages and net earnings from

self-employment in accordance with the following table:

Total of

Wages and Net

Earnings from Exclusion

Self-Employment Allowable

Not over $10,000.00 $3,000.00

Over $10,000.00 but not over $20,000.00 $2,000.00

Over $20,000.00 but not over $30,000.00 $1,000.00

Over $30,000.00 None

(2) The exclusion allowable shall be applied pro rata against wages

and net earnings from self-employment.

(3) For taxable periods of less than one year, the exclusion allowable

shall be prorated pursuant to regulations of the State Tax Commission.

C. Limitation. In no event shall a taxpayer be subject to the tax

under this article in an amount greater than he/she would be required to

pay if he/she were a resident of the City of Yonkers and subject to the

City of Yonkers income tax surcharge on residents of the City of Yonkers

adopted by the City of Yonkers pursuant to authority granted by Article

30-A of the Tax Law.