N.Y. Tax Law Section 869
Imposition and rate of tax

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.

Source: Section 869 — Imposition and rate of tax, https://www.­nysenate.­gov/legislation/laws/TAX/869 (updated Aug. 15, 2025; accessed Feb. 14, 2026).

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Verified:
Feb. 14, 2026

Last modified:
Aug. 15, 2025

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

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