{"data":{"id":"us-ny/n.y.-tax-law-862","jurisdiction":"us-ny","citation":"N.Y. Tax Law § 862","heading":"Imposition and rate of tax","body":"§ 862. Imposition and rate of tax. A tax is hereby imposed for each\ntaxable year on the pass-through entity taxable income of every electing\npartnership and every electing S corporation. This tax shall be in\naddition to any other taxes imposed under this chapter and shall be\ndetermined in accordance with the following table:\n  For each taxable year beginning on or after January first, two\nthousand twenty-one:  If pass-through entity taxable income is:  Not\nover $2,000,000 6.85% of taxable income.  Over $2,000,000 but not over\n$5,000,000 $137,000 plus 9.65% of the excess over $2,000,000. Over\n$5,000,000 but not over $25,000,000 $426,500 plus 10.30% of excess over\n$5,000,000. Over $25,000,000 $2,486,500 plus 10.90% of the excess over\n$25,000,000.","path":["Tax Law","Article 24-A. Pass-through Entity Tax"],"source_url":"https://legislation.nysenate.gov/api/3/laws/TAX/862","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"ffb588862d57bdb2eb53d0c53771faedbc00cdca0cfdffee3730c2bfb44c5622","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-tax-law-861","next":"us-ny/n.y.-tax-law-863"},"notice":"GroundRules: Original legal text. Not legal advice."}