Bill Text: NY S06830 | 2017-2018 | General Assembly | Amended
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Authorizes the city of New York to impose a personal income surcharge on high income residents to fund transit improvements and reduced fares for low income residents.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2018-02-12 - PRINT NUMBER 6830B [S06830 Detail]
Download: New_York-2017-S06830-Amended.html
Bill Title: Authorizes the city of New York to impose a personal income surcharge on high income residents to fund transit improvements and reduced fares for low income residents.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2018-02-12 - PRINT NUMBER 6830B [S06830 Detail]
Download: New_York-2017-S06830-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 6830--A 2017-2018 Regular Sessions IN SENATE June 27, 2017 ___________ Introduced by Sen. GIANARIS -- read twice and ordered printed, and when printed to be committed to the Committee on Rules -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the public authorities law, in relation to providing for the appointment of an emergency manager for the metropolitan transpor- tation authority, and providing for his or her powers and duties; to amend the tax law, in relation to establishing personal income tax rates and a tax table benefit recapture for taxpayers who reside in the metropolitan commuter transportation district; to direct the comp- troller to transfer moneys in the general fund to the MTA financial assistance fund; and providing for the repeal of certain provisions upon expiration thereof The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Short title. This act shall be known and may be cited as 2 the "better trains, better cities act of 2017". 3 § 2. The public authorities law is amended by adding a new section 4 1263-a to read as follows: 5 § 1263-a. Emergency manager. 1. There is hereby established the office 6 of emergency manager of the authority. Such manager shall oversee the 7 authority, and implement the plan established by the emergency manager 8 submitted to each house of the legislature during the course of the 9 confirmation of the emergency manager. 10 2. The emergency manager of the authority shall be appointed by the 11 governor, subject to separate confirmation by each of the houses of the 12 legislature. Such confirmations shall be completed within ninety days of 13 the effective date of this section; provided, however, that upon nomi- 14 nation by the governor, each nominee for emergency manager shall develop 15 and submit to the legislature, prior to his or her confirmation, a plan 16 outlining how the nominee, if confirmed, will expedite repairs to EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD13277-04-7S. 6830--A 2 1 authority facilities and equipment, expand capacity, and ensure the 2 reliability and safety of the authority facilities and equipment and the 3 services provided thereby. No nominee shall be confirmed until such plan 4 shall have been received and reviewed by each house of the legislature. 5 3. The emergency manager shall have all the powers of the board of the 6 authority as they relate to expediting repairs to authority facilities 7 and equipment, expanding capacity, and ensuring reliability and safety 8 of the authority facilities and equipment and services provided thereby, 9 and shall implement the plan he or she submitted to the legislature. The 10 emergency manager's authority to implement his or her plan shall super- 11 sede the authority of the board of the authority, unless such board 12 shall by a vote of ten voting members thereof overrides a specific 13 action of the emergency manager. 14 § 3. Clauses (i), (ii) and (iii) of subparagraph (B) of paragraph 1 of 15 subsection (a) of section 601 of the tax law, as added by section 1 of 16 part R of chapter 59 of the laws of 2017, are amended to read as 17 follows: 18 (i) For taxable years beginning in two thousand eighteen the following 19 rates shall apply: 20 1. For taxpayers who reside outside of the metropolitan commuter 21 transportation district created and established pursuant to section 22 twelve hundred sixty-two of the public authorities law: 23 If the New York taxable income is: The tax is: 24 Not over $17,150 4% of the New York taxable 25 income 26 Over $17,150 but not over $23,600 $686 plus 4.5% of excess over 27 $17,150 28 Over $23,600 but not over $27,900 $976 plus 5.25% of excess over 29 $23,600 30 Over $27,900 but not over $43,000 $1,202 plus 5.9% of excess over 31 $27,900 32 Over $43,000 but not over $161,550 $2,093 plus 6.33% of excess over 33 $43,000 34 Over $161,550 but not over $323,200 $9,597 plus 6.57% of excess over 35 $161,550 36 Over $323,200 but not over $2,155,350 $20,218 plus 6.85% of excess over 37 $323,200 38 Over $2,155,350 $145,720 plus 8.82% of excess over 39 $2,155,350 40 2. For taxpayers who resided within the metropolitan commuter trans- 41 portation district created and established pursuant to section twelve 42 hundred sixty-two of the public authorities law: 43 If the New York taxable income is: The tax is: 44 Not over $17,150 4% of the New York taxable 45 income 46 Over $17,150 but not over $23,600 $686 plus 4.5% of excess over 47 $17,150 48 Over $23,600 but not over $27,900 $976 plus 5.25% of excess over 49 $23,600 50 Over $27,900 but not over $43,000 $1,202 plus 5.9% of excess over 51 $27,900 52 Over $43,000 but not over $161,550 $2,093 plus 6.21% of excess over 53 $43,000 54 Over $161,550 but not over $323,200 $9,597 plus 6.57% of excess overS. 6830--A 3 1 $161,550 2 Over $323,200 but not over $20,218 plus 6.85% of excess over 3 $2,000,000 $323,200 4 Over $2,000,000 but not over $135,079 plus 8.98% of excess 5 $6,000,000 over $2,000,000 6 Over $6,000,000 but not over $494,279 plus 9.08% of excess 7 $11,000,000 over $6,000,000 8 Over $11,000,000 $948,279 plus 9.28% of excess 9 over $11,000,000 10 (ii) For taxable years beginning in two thousand nineteen the follow- 11 ing rates shall apply: 12 1. For taxpayers who reside outside of the metropolitan commuter 13 transportation district created and established pursuant to section 14 twelve hundred sixty-two of the public authorities law: 15 Not over $17,150 4% of the New York taxable 16 income 17 Over $17,150 but not over $23,600 $686 plus 4.5% of excess over 18 $17,150 19 Over $23,600 but not over $27,900 $976 plus 5.25% of excess over 20 $23,600 21 Over $43,000 but not over $161,550 $2,093 plus 6.21% of excess over 22 $43,000 23 Over $161,550 but not over $323,200 $9,455 plus 6.49% of excess over 24 $161,550 25 Over $323,200 but not over $19,946 plus 6.85% of excess over 26 $2,155,350 $323,200 27 Over $2,155,350 $145,448 plus 8.82% of excess over 28 $2,155,350 29 2. For taxpayers who resided within the metropolitan commuter trans- 30 portation district created and established pursuant to the section 31 twelve hundred sixty-two of the public authorities law: 32 Not over $17,150 4% of the New York taxable 33 income 34 Over $17,150 but not over $23,600 $686 plus 4.5% of excess over 35 $17,150 36 Over $23,600 but not over $27,900 $976 plus 5.25% of excess over 37 $23,600 38 Over $27,900 but not over $43,000 $1,202 plus 5.9% of excess over 39 $27,900 40 Over $43,000 but not over $161,550 $2,093 plus 6.21% of excess over 41 $43,000 42 Over $161,550 but not over $323,200 $9,455 plus 6.49% of excess over 43 $161,550 44 Over $323,200 but not over $2,000,000 $19,946 plus 6.85% of excess over 45 $323,200 46 Over $2,000,000 but not over $134,807 plus 8.98% of excess 47 $6,000,000 over 2,000,000 48 Over $6,000,000 but not over $494,007 plus 9.08% of excess 49 $11,000,000 over $6,000,000 50 Over $11,000,000 $948,000 plus 9.28% over 51 $11,000,000 52 (iii) For taxable years beginning in two thousand twenty the following 53 rates shall apply: 54 1. For taxpayers who reside outside of the metropolitan commuter 55 transportation district created and established pursuant to section 56 twelve hundred sixty-two of the public authorities law:S. 6830--A 4 1 If the New York taxable income is: The tax is: 2 Not over $17,150 4% of the New York taxable income 3 Over $17,150 but not over $23,600 $686 plus 4.5% of excess over 4 $17,150 5 Over $23,600 but not over $27,900 $976 plus 5.25% of excess over 6 $23,600 7 Over $27,900 but not over $43,000 $1,202 plus 5.9% of excess over 8 $27,900 9 Over $43,000 but not over $161,550 $2,093 plus 6.09% of excess over 10 $43,000 11 Over $161,550 but not over $323,200 $9,313 plus 6.41% of excess over 12 $161,550 13 Over $323,200 $19,674 plus 6.85% of excess over 14 $323,200 15 2. For taxpayers who resided within the metropolitan commuter trans- 16 portation district created and established pursuant to section twelve 17 hundred sixty-two of the public authorities law: 18 If the New York taxable income is: The tax is: 19 Not over $17,150 4% of the New York taxable income 20 Over $17,150 but not over $23,600 $686 plus 4.5% of excess over 21 $17,150 22 Over $23,600 but not over $27,900 $976 plus 5.25% of excess over 23 $23,600 24 Over $27,900 but not over $43,000 $1,202 plus 5.9% of excess over 25 $27,900 26 Over $43,000 but not over $161,550 $2,093 plus 6.09% of excess over 27 $43,000 28 Over $161,550 but not over $323,200 $9,313 plus 6.41% of excess over 29 $161,550 30 Over $323,200 but not over $19,674 plus 6.85% of excess over 31 $2,000,000 $323,200 32 Over $2,000,000 but not over $134,535 plus 8.98% of excess over 33 $6,000,000 $2,000,000 34 Over $6,000,000 but not over $493,735 plus 9.08% of excess over 35 $11,000,000 $6,000,000 36 Over $11,000,000 $947,735 plus 9.28% of excess over 37 $11,000,000 38 § 4. Clauses (i), (ii) and (iii) of subparagraph (B) of paragraph 1 of 39 subsection (b) of section 601 of the tax law, as added by section 2 of 40 part R of chapter 59 of the laws of 2017, are amended to read as 41 follows: 42 (i) For taxable years beginning in two thousand eighteen the following 43 rates shall apply: 44 1. For taxpayers who reside outside of the metropolitan commuter 45 transportation district created and established pursuant to section 46 twelve hundred sixty-two of the public authorities law: 47 If the New York taxable income is: The tax is: 48 Not over $12,800 4% of the New York taxable income 49 Over $12,800 but not over $17,650 $512 plus 4.5% of excess over $12,800 50 Over $17,650 but not over $20,900 $730 plus 5.25% of excess over 51 $17,650 52 Over $20,900 but not over $32,200 $901 plus 5.9% of excess over $20,900 53 Over $32,200 but not over $107,650 $1,568 plus 6.33% of excess over 54 $32,200 55 Over $107,650 but not over $269,300 $6,344 plus 6.57% of excess overS. 6830--A 5 1 $107,650 2 Over $269,300 but not over $1,616,450 $16,964 plus 6.85% of excess over 3 $269,300 4 Over $1,616,450 $109,244 plus 8.82% of excess over 5 $1,616,450 6 2. For taxpayers who resided within the metropolitan commuter trans- 7 portation district created and established pursuant to the section 8 twelve hundred sixty-two of the public authorities law: 9 If the New York taxable income is: The tax is: 10 Not over $12,800 4% of the New York taxable income 11 Over $12,800 but not over $17,650 $512 plus 4.5% of excess over $12,800 12 Over $17,650 but not over $20,900 $730 plus 5.25% of excess over 13 $17,650 14 Over $20,900 but not over $32,200 $901 plus 5.9% of excess over $20,900 15 Over $32,200 but not over $107,650 $1,568 plus 6.33% of excess over 16 $32,200 17 Over $107,650 but not over $269,300 $6,344 plus 6.57% of excess over 18 $107,650 19 Over $269,300 but not over $16,964 plus 6.85% of excess over 20 $1,605,650 $269,300 21 Over $1,605,650 but not over $108,504 plus 8.98% of excess over 22 $5,500,000 $1,605,650 23 Over $5,500,000 but not over $458,217 plus 9.08% of excess over 24 $10,500,000 $5,500,000 25 Over $10,500,000 $912,217 plus 9.28% of excess over 26 $10,500,000 27 (ii) For taxable years beginning in two thousand nineteen the follow- 28 ing rates shall apply: 29 1. For taxpayers who reside outside of the metropolitan commuter 30 transportation district created and established pursuant to section 31 twelve hundred sixty-two of the public authorities law: 32 If the New York taxable income is: The tax is: 33 Not over $12,800 4% of the New York taxable income 34 Over $12,800 but not over $17,650 $512 plus 4.5% of excess over $12,800 35 Over $17,650 but not over $20,900 $730 plus 5.25% of excess over 36 $17,650 37 Over $20,900 but not over $32,200 $901 plus 5.9% of excess over $20,900 38 Over $32,200 but not over $107,650 $1,568 plus 6.21% of excess over 39 $32,200 40 Over $107,650 but not over $269,300 $6,253 plus 6.49% of excess over 41 $107,650 42 Over $269,300 but not over $16,744 plus 6.85% of excess over 43 $1,616,450 $269,300 44 Over $1,616,450 $109,024 plus 8.82% of excess over 45 $1,616,450 46 2. For taxpayers who resided within the metropolitan commuter trans- 47 portation district created and established pursuant to the section 48 twelve hundred sixty-two of the public authorities law: 49 If the New York taxable income is: The tax is: 50 Not over $12,800 4% of the New York taxable income 51 Over $12,800 but not over $17,650 $512 plus 4.5% of excess over $12,800 52 Over $17,650 but not over $20,900 $730 plus 5.25% of excess over 53 $17,650 54 Over $20,900 but not over $32,200 $901 plus 5.9% of excess over $20,900 55 Over $32,200 but not over $107,650 $1,568 plus 6.21% of excess overS. 6830--A 6 1 $32,200 2 Over $107,650 but not over $269,300 $6,253 plus 6.49% of excess over 3 $107,650 4 Over $269,300 but not over $16,744 plus 6.85% of excess over 5 $1,605,650 $269,300 6 Over $1,605,650 but not over $108,284 plus 8.98% of excess over 7 $5,500,000 $1,605,650 8 Over $5,500,000 but not over $457,997 plus 9.08% of excess over 9 $10,500,000 $5,500,000 10 Over $10,500,000 $911,997 plus 9.28% of excess over 11 $10,500,000 12 (iii) For taxable years beginning in two thousand twenty the following 13 rates shall apply: 14 1. For taxpayers who reside outside of the metropolitan commuter 15 transportation district created and established pursuant to section 16 twelve hundred sixty-two of the public authorities law: 17 If the New York taxable income is: The tax is: 18 Not over $12,800 4% of the New York taxable income 19 Over $12,800 but not over $17,650 $512 plus 4.5% of excess over $12,800 20 Over $17,650 but not over $20,900 $730 plus 5.25% of excess over 21 $17,650 22 Over $20,900 but not over $32,200 $901 plus 5.9% of excess over $20,900 23 Over $32,200 but not over $107,650 $1,568 plus 6.09% of excess over 24 $32,200 25 Over $107,650 but not over $269,300 $6,162 plus 6.41% of excess over 26 $107,650 27 Over $269,300 $16,524 plus 6.85% of excess over 28 $269,300 29 2. For taxpayers who resided within the metropolitan commuter trans- 30 portation district created and established pursuant to section twelve 31 hundred sixty-two of the public authorities law: 32 If the New York taxable income is: The tax is: 33 Not over $12,800 4% of the New York taxable income 34 Over $12,800 but not over $17,650 $512 plus 4.5% of excess over $12,800 35 Over $17,650 but not over $20,900 $730 plus 5.25% of excess over 36 $17,650 37 Over $20,900 but not over $32,200 $901 plus 5.9% of excess over $20,900 38 Over $32,200 but not over $107,650 $1,568 plus 6.09% of excess over 39 $32,200 40 Over $107,650 but not over $269,300 $6,162 plus 6.41% of excess over 41 $107,650 42 Over $269,300 but not over $16,524 plus 6.85% of excess over 43 $1,605,650 $269,300 44 Over $1,605,650 but not over $108,064 plus 8.98% of excess 45 $5,500,000 over $1,605,650 46 Over $5,500,000 but not over $457,777 plus 9.08% of excess 47 $10,500,000 over $5,500,000 48 Over $10,500,000 $911,777 plus 9.28% of excess 49 over $10,500,000 50 § 5. Clauses (i), (ii) and (iii) of subparagraph (B) of paragraph 1 of 51 subsection (c) of section 601 of the tax law, as added by section 3 of 52 part R of chapter 59 of the laws of 2017, are amended to read as 53 follows: 54 (i) For taxable years beginning in two thousand eighteen the following 55 rates shall apply:S. 6830--A 7 1 1. For taxpayers who reside outside of the metropolitan commuter 2 transportation district created and established pursuant to section 3 twelve hundred sixty-two of the public authorities law: 4 If the New York taxable income is: The tax is: 5 Not over $8,500 4% of the New York taxable income 6 Over $8,500 but not over $11,700 $340 plus 4.5% of excess over 7 $8,500 8 Over $11,700 but not over $13,900 $484 plus 5.25% of excess over 9 $11,700 10 Over $13,900 but not over $21,400 $600 plus 5.9% of excess over 11 $13,900 12 Over $21,400 but not over $80,650 $1,042 plus 6.33% of excess over 13 $21,400 14 Over $80,650 but not over $215,400 $4,793 plus 6.57% of excess over 15 $80,650 16 Over $215,400 but not over $1,077,550 $13,646 plus 6.85% of excess over 17 $215,400 18 Over $1,077,550 $72,703 plus 8.82% of excess over 19 $1,077,550 20 2. For taxpayers who resided within the metropolitan commuter trans- 21 portation district created and established pursuant to section twelve 22 hundred sixty-two of the public authorities law: 23 If the New York taxable income is: The tax is: 24 Not over $8,500 4% of the New York taxable income 25 Over $8,500 but not over $11,700 $340 plus 4.5% of excess over 26 $8,500 27 Over $11,700 but not over $13,900 $484 plus 5.25% of excess over 28 $11,700 29 Over $13,900 but not over $21,400 $600 plus 5.9% of excess over 30 $13,900 31 Over $21,400 but not over $80,650 $1,042 plus 6.33% of excess over 32 $21,400 33 Over $80,650 but not over $215,400 $4,793 plus 6.57% of excess over 34 $80,650 35 Over $215,400 but not over $13,646 plus 6.85% of excess over 36 $1,070,350 $215,400 37 Over $1,070,350 but not over $72,210 plus 8.98% of excess over 38 $5,000,000 $1,070,350 39 Over $5,000,000 but not over $425,093 plus 9.08% of excess over 40 $10,000,000 $5,000,000 41 Over $10,000,000 $879,093 plus 9.28% of excess over 42 $10,000,000 43 (ii) For taxable years beginning in two thousand nineteen the follow- 44 ing rates shall apply: 45 1. For taxpayers who reside outside of the metropolitan commuter 46 transportation district created and established pursuant to section 47 twelve hundred sixty two of the public authorities law: 48 If the New York taxable income is: The tax is: 49 Not over $8,500 4% of the New York taxable income 50 Over $8,500 but not over $11,700 $340 plus 4.5% of excess over 51 $8,500 52 Over $11,700 but not over $13,900 $484 plus 5.25% of excess over 53 $11,700 54 Over $13,900 but not over $21,400 $600 plus 5.9% of excess over 55 $13,900 56 Over $21,400 but not over $80,650 $1,042 plus 6.21% of excess overS. 6830--A 8 1 $21,400 2 Over $80,650 but not over $215,400 $4,721 plus 6.49% of excess over 3 $80,650 4 Over $215,400 but not over $13,467 plus 6.85% of excess over 5 $1,077,550 $215,400 6 Over $1,077,550 $72,524 plus 8.82% of excess over 7 $1,077,550 8 2. For taxpayers who resided within the metropolitan commuter trans- 9 portation district created and established pursuant to section twelve 10 hundred sixty-two of the public authorities law: 11 If the New York taxable income is: The tax is: 12 Not over $8,500 4% of the New York taxable income 13 Over $8,500 but not over $11,700 $340 plus 4.5% of excess over 14 $8,500 15 Over $11,700 but not over $13,900 $484 plus 5.25% of excess over 16 $11,700 17 Over $13,900 but not over $21,400 $600 plus 5.9% of excess over 18 $13,900 19 Over $21,400 but not over $80,650 $1,042 plus 6.21% of excess over 20 $21,400 21 Over $80,650 but not over $215,400 $4,721 plus 6.49% of excess over 22 $80,650 23 Over $215,400 but not over $13,467 plus 6.85% of excess over 24 $1,070,350 $215,400 25 Over $1,070,350 but not over $72,031 plus 8.98% of excess over 26 5,000,000 $1,070,350 27 Over $5,000,000 but not over $424,914 plus 9.08% of excess over 28 $10,000,000 $5,000,000 29 Over $10,000,000 $878,914 plus 9.28% of excess over 30 $10,000,000 31 (iii) For taxable years beginning in two thousand twenty the following 32 rates shall apply: 33 1. For taxpayers who reside outside of the metropolitan commuter 34 transportation district created and established pursuant to section 35 twelve hundred sixty-two of the public authorities law: 36 If the New York taxable income is: The tax is: 37 Not over $8,500 4% of the New York taxable income 38 Over $8,500 but not over $11,700 $340 plus 4.5% of excess over 39 $8,500 40 Over $11,700 but not over $13,900 $484 plus 5.25% of excess over 41 $11,700 42 Over $13,900 but not over $21,400 $600 plus 5.9% of excess over 43 $13,900 44 Over $21,400 but not over $80,650 $1,042 plus 6.09% of excess over 45 $21,400 46 Over $80,650 but not over $215,400 $4,650 plus 6.41% of excess over 47 $80,650 48 Over $215,400 $13,288 plus 6.85% of excess over 49 $215,400 50 2. For taxpayers who resided within the metropolitan commuter trans- 51 portation district created and established pursuant to the section 52 twelve hundred sixty-two of the public authorities law: 53 If the New York taxable income is: The tax is: 54 Not over $8,500 4% of the New York taxable income 55 Over $8,500 but not over $11,700 $340 plus 4.5% of excess overS. 6830--A 9 1 $8,500 2 Over $11,700 but not over $13,900 $484 plus 5.25% of excess over 3 $11,700 4 Over $13,900 but not over $21,400 $600 plus 5.9% of excess over 5 $13,900 6 Over $21,400 but not over $80,650 $1,042 plus 6.09% of excess over 7 $21,400 8 Over $80,650 but not over $215,400 $4,650 plus 6.41% of excess over 9 $80,650 10 Over $215,400 but not over $13,288 plus 6.85% of excess over 11 $1,070,350 $215,400 12 Over $1,070,350 but not over $71,852 plus 8.98% of excess over 13 $5,000,000 $1,070,350 14 Over $5,000,000 but not over $424,735 plus 9.08% of excess over 15 $10,000,000 $5,000,000 16 Over $10,000,000 $878,735 plus 9.28% of excess over 17 $10,000,000 18 § 6. Section 601 of the tax law is amended by adding a new subsection 19 (d-2) to read as follows: 20 (d-2) Alternative tax table benefit recapture in metropolitan commuter 21 transportation district. For taxable years beginning on or after Janu- 22 ary first, two thousand eighteen and before January first, two thousand 23 twenty-one for a taxpayer residing in the metropolitan commuter trans- 24 portation district created and established pursuant to section twelve 25 hundred sixty-two of the public authorities law whose New York taxable 26 income is over $2,000,000 if the taxpayer is married filing jointly, 27 over $1,605,650 if the taxpayer is a head of household, or over 28 $1,070,350 if the taxpayer files singly, there is hereby imposed a 29 supplemental tax in addition to the tax imposed under subsections (a), 30 (b) and (c) of this section for the purpose of recapturing the benefit 31 of the tax tables contained in such subsections. During these taxable 32 years, any reference in this chapter to subsection (d) of this section 33 shall be read as a reference to this subsection. 34 (1) For such resident married individuals filing joint returns and 35 resident surviving spouses, the supplemental tax shall be an amount 36 equal to the sum of the tax table benefits described in subparagraphs 37 (A), (B) and (C) of this paragraph multiplied by their respective frac- 38 tions in such subparagraphs. 39 (A) The tax table benefit is the difference between (i) the amount of 40 taxable income set forth in the tax table in item two of clause (i), 41 (ii) or (iii) of subparagraph (B) of paragraph one of subsection (a) of 42 this section not subject to the 8.98 percent rate of tax for the taxable 43 year multiplied by such rate and (ii) the dollar denominated tax for 44 such amount of taxable income set forth in the tax table applicable to 45 the taxable year in item one of clause (i), (ii) or (iii) of subpara- 46 graph (B) of paragraph one of subsection (a) of this section less the 47 sum of tax table benefits in subparagraphs (A), (B) and (C) of paragraph 48 one of subsection (d-1) of this section. The fraction for this subpara- 49 graph is computed as follows: the numerator is the lesser of fifty thou- 50 sand dollars or the excess of New York adjusted gross income for the 51 taxable year over two million dollars and the denominator is fifty thou- 52 sand dollars. 53 (B) The tax table benefit is the difference between (i) the amount of 54 taxable income set forth in the tax table in item two of clause (i), 55 (ii) or (iii) of subparagraph (B) of paragraph one of subsection (a) of 56 this section not subject to the 9.08 percent rate of tax for the taxableS. 6830--A 10 1 year multiplied by such rate and (ii) the dollar denominated tax for 2 such amount of taxable income set forth in the tax table applicable to 3 the taxable year in item one of clause (i), (ii) or (iii) of subpara- 4 graph (B) of paragraph one of subsection (a) of this section less the 5 sum of the tax table benefits in subparagraphs (A), (B) and (C) of para- 6 graph one of subsection (d-1) of this section and such tax table benefit 7 in subparagraph (A) of this paragraph. The fraction for this subpara- 8 graph is computed as follows: the numerator is the lesser of fifty thou- 9 sand dollars or the excess of New York adjusted gross income for the 10 taxable year over six million dollars and the denominator is fifty thou- 11 sand dollars. Provided, however, this subparagraph shall not apply to 12 taxpayers who are not subject to the 9.08 percent tax rate. 13 (C) The tax table benefit is the difference between (i) the amount of 14 taxable income set forth in the tax table in item two of clause (i), 15 (ii) or (iii) of subparagraph (B) of paragraph one of subsection (a) of 16 this section not subject to the 9.28 percent rate of tax for the taxable 17 year multiplied by such rate and (ii) the dollar denominated tax for 18 such amount of taxable income set forth in the tax table applicable to 19 the taxable year in item one of clause (i), (ii) or (iii) of paragraph 20 (B) of paragraph one of subsection (a) of this section less the sum of 21 the tax table benefits in subparagraphs (A), (B) and (C) of paragraph 22 one of subsection (d-1) of this section and such tax table benefits in 23 subparagraphs (A) and (B) of this paragraph. The fraction for this 24 subparagraph is computed as follows: the numerator is the lesser of 25 fifty thousand dollars or the excess of New York adjusted gross income 26 for the taxable year over eleven million dollars and the denominator is 27 fifty thousand dollars. Provided, however, this subparagraph shall not 28 apply to taxpayers who are not subject to the 9.28 percent tax rate. 29 (D) Provided, however, the total tax prior to the application of any 30 tax credits shall not exceed the highest rate of tax set forth in the 31 tax tables in subsection (a) of this section multiplied by the taxpay- 32 er's taxable income. 33 (2) For such resident heads of households, the supplemental tax shall 34 be an amount equal to the sum of the tax table benefits described in 35 subparagraphs (A), (B) and (C) of this paragraph multiplied by their 36 respective fractions in such subparagraphs. 37 (A) The tax table benefit is the difference between (i) the amount of 38 taxable income set forth in the tax table in item two of clause (i), 39 (ii) or (iii) of subparagraph (B) of paragraph one of subsection (b) of 40 this section not subject to the 8.98 percent rate of tax for the taxable 41 year multiplied by such rate and (ii) the dollar denominated tax for 42 such amount of taxable income set forth in the tax table applicable to 43 the taxable year in item one of clause (i), (ii) or (iii) of subpara- 44 graph (B) of paragraph one of subsection (b) of this section less the 45 sum of the tax table benefits in subparagraphs (A) and (B) of paragraph 46 two of subsection (d-1) of this section. The fraction for this subpara- 47 graph is computed as follows: the numerator is the lesser of fifty thou- 48 sand dollars or the excess of New York adjusted gross income for the 49 taxable year over one million six hundred five thousand six hundred 50 fifty dollars and the denominator is fifty thousand dollars. 51 (B) The tax table benefit is the difference between (i) the amount of 52 taxable income set forth in the tax table in item two of clause (i), 53 (ii) or (iii) of subparagraph (B) of paragraph one of subsection (b) of 54 this section not subject to the 9.08 percent rate of tax for the taxable 55 year multiplied by such rate and (ii) the dollar denominated tax for 56 such amount of taxable income set forth in the tax table applicable toS. 6830--A 11 1 the taxable year in item one of clause (i), (ii) or (iii) of subpara- 2 graph (B) of paragraph one of subsection (b) of this section less the 3 sum of the tax table benefits in subparagraphs (A) and (B) of paragraph 4 two of subsection (d-1) of this section and such tax table benefit in 5 subparagraph (A) of this paragraph. The fraction for this subparagraph 6 is computed as follows: the numerator is the lesser of fifty thousand 7 dollars or the excess of New York adjusted gross income for the taxable 8 year over five million five hundred thousand dollars and the denominator 9 is fifty thousand dollars. Provided, however, this subparagraph shall 10 not apply to taxpayers who are not subject to the 9.08 percent tax rate. 11 (C) The tax table benefit is the difference between (i) the amount of 12 taxable income set forth in the tax table in item two of clause (i), 13 (ii) or (iii) of subparagraph (B) of paragraph one of subsection (b) of 14 this section not subject to the 9.28 percent rate of tax for the taxable 15 year multiplied by such rate and (ii) the dollar denominated tax for 16 such amount of taxable income set forth in the tax table applicable to 17 the taxable year in item one of clause (i), (ii) or (iii) of subpara- 18 graph (B) of paragraph one of subsection (b) of this section less the 19 sum of the tax table benefits in subparagraphs (A) and (B) of paragraph 20 two of subsection (d-1) of this section and such tax table benefits in 21 subparagraphs (A) and (B) of this paragraph. The fraction for this 22 subparagraph is computed as follows: the numerator is the lesser of 23 fifty thousand dollars or the excess of New York adjusted gross income 24 for the taxable year over ten million five hundred thousand dollars and 25 the denominator is fifty thousand dollars. 26 (D) Provided, however, the total tax prior to the application of any 27 tax credits shall not exceed the highest rate of tax set forth in the 28 tax tables in subsection (b) of this section multiplied by the taxpay- 29 er's taxable income. 30 (3) For such resident unmarried individuals, resident married individ- 31 uals filing separate returns and resident estates and trusts, the 32 supplemental tax shall be an amount equal to the sum of the tax table 33 benefits described in subparagraphs (A), (B) and (C) of this paragraph 34 multiplied by their respective fractions in such subparagraphs. 35 (A) The tax table benefit is the difference between (i) the amount of 36 taxable income set forth in the tax table in item two of clause (i), 37 (ii) or (iii) of subparagraph (B) of paragraph one of subsection (c) of 38 this section not subject to the 8.98 percent rate of tax for the taxable 39 year multiplied by such rate and (ii) the dollar denominated tax for 40 such amount of taxable income set forth in the tax table applicable to 41 the taxable year in item one of clause (i), (ii) or (iii) of subpara- 42 graph (B) of paragraph one of subsection (c) of this section less the 43 sum of tax table benefits in subparagraphs (A) and (B) of paragraph 44 three of subsection (d-1) of this section. The fraction for this 45 subparagraph is computed as follows: the numerator is the lesser of 46 fifty thousand dollars or the excess of New York adjusted gross income 47 for the taxable year over one million seventy thousand three hundred 48 fifty dollars and the denominator is fifty thousand dollars. 49 (B) The tax table benefit is the difference between (i) the amount of 50 taxable income set forth in the tax table in item two of clause (i), 51 (ii) or (iii) of subparagraph (B) of paragraph one of subsection (c) of 52 this section not subject to the 9.08 percent rate of tax for the taxable 53 year multiplied by such rate and (ii) the dollar denominated tax for 54 such amount of taxable income set forth in the tax table applicable to 55 the taxable year in item one of clause (i), (ii) or (iii) of subpara- 56 graph (B) of paragraph one of subsection (c) of this section less theS. 6830--A 12 1 sum of the tax table benefits in subparagraphs (A) and (B) of paragraph 2 three of subsection (d-1) of this section and such tax table benefit in 3 subparagraph (A) of this paragraph. The fraction for this subparagraph 4 is computed as follows: the numerator is the lesser of fifty thousand 5 dollars or the excess of New York adjusted gross income for the taxable 6 year over five million dollars and the denominator is fifty thousand 7 dollars. Provided, however, this subparagraph shall not apply to taxpay- 8 ers who are not subject to the 9.08 percent tax rate. 9 (C) The tax table benefit is the difference between (i) the amount of 10 taxable income set forth in the tax table in item two of clause (i), 11 (ii) or (iii) of subparagraph (B) of paragraph one of subsection (c) of 12 this section not subject to the 9.28 percent rate of tax for the taxable 13 year multiplied by such rate and (ii) the dollar denominated tax for 14 such amount of taxable income set forth in the tax table applicable to 15 the taxable year in item one of clause (i), (ii) or (iii) of subpara- 16 graph (B) of paragraph one of subsection (c) of this section less the 17 sum of the tax table benefits in subparagraphs (A) and (B) of paragraph 18 three of subsection (d-1) of this section and such tax table benefits in 19 subparagraphs (A) and (B) of this paragraph. The fraction for this 20 subparagraph is computed as follows: the numerator is the lesser of 21 fifty thousand dollars or the excess of New York adjusted gross income 22 for the taxable year over ten million dollars and the denominator is 23 fifty thousand dollars. 24 (D) Provided, however, the total tax prior to the application of any 25 tax credits shall not exceed the highest rate of tax set forth in the 26 tax tables in subsection (c) of this section multiplied by the taxpay- 27 er's taxable income. 28 § 7. Notwithstanding any provision of law to the contrary, and in 29 accordance with section 4 of the state finance law, the comptroller is 30 hereby authorized and directed to transfer on April 1, 2018, April 1, 31 2019 and April 1, 2020, $2,072,000,000 from the general fund to the MTA 32 financial assistance fund, mobility tax trust account. 33 § 8. This act shall take effect immediately; provided that sections 34 one, two, and seven of this act shall expire and be deemed repealed 35 January 1, 2021.
