NY S03554

Imposes a supplemental tax beginning in 2016 on New York City residents to recapture tax table benefits for high-income filers: $333 for married filing jointly over $250,000, $185 for unmarried individuals over $150,000, and $222 for head of household filers over $180,000.

Recapture amounts phase in gradually over a $50,000 income range above each threshold, calculated as a fraction of the base benefit amount.

Establishes new personal income tax tables for New York City residents effective for taxable years beginning in 2016 across multiple filing categories with rates ranging from 2.168% to 3.8% depending on income level.

Applies identical tax table provisions to both New York City administrative code and state tax law to ensure consistency.

Requires the Commissioner of Taxation and Finance to publicize adjustments to estimated tax and inform taxpayers of liability changes.