N.Y. Tax Law Section 862
Imposition and rate of tax

A tax is hereby imposed for each taxable year on the pass-through entity taxable income of every electing partnership and every electing S corporation. This tax shall be in addition to any other taxes imposed under this chapter and shall be determined in accordance with the following table: For each taxable year beginning on or after January first, two thousand twenty-one: If pass-through entity taxable income is: Not over $2,000,000 6.85% of taxable income. Over $2,000,000 but not over $5,000,000 $137,000 plus 9.65% of the excess over $2,000,000. Over $5,000,000 but not over $25,000,000 $426,500 plus 10.30% of excess over $5,000,000. Over $25,000,000 $2,486,500 plus 10.90% of the excess over $25,000,000.

Source: Section 862 — Imposition and rate of tax, https://www.­nysenate.­gov/legislation/laws/TAX/862 (updated Apr. 23, 2021; accessed Nov. 1, 2025).

Green check means up to date. Up to date

Verified:
Nov. 1, 2025

Last modified:
Apr. 23, 2021

§ 862. Imposition & rate of tax's source at nysenate​.gov

Link Style