NY S03044

Repeals Chapter 5 of the Laws of 1999, which had previously limited the ability to impose an earnings tax on nonresidents.

Authorizes any city with a population of one million or more to impose a tax on the earnings of nonresidents, provided the city also imposes a personal income tax on residents.

Establishes tax rates of one-fourth of one percent on wages and three-eighths of one percent on net self-employment earnings for nonresidents, with allowable exclusions ranging from $1,000 to $3,000 depending on income levels.

Limits nonresident tax liability to no more than what would be owed if the person were a resident subject to the city's resident income tax.

Requires employers to withhold the tax from nonresident employee wages and imposes filing and payment deadlines for both employers and taxpayers, effective immediately and retroactive to July 1, 1999.