Payroll System Replacement Project

Subject: Changes in New York City Resident and
City of Yonkers Resident Withholding Taxes
Bulletin No. 76
Date:    2/26/99
PURPOSE

The purpose of this bulletin is to notify Payroll Offices of the changes in the New York City Resident and City of Yonkers Residents withholding taxes.

The withholding rates for New York City Residents and City of Yonkers Residents have been reduced. The withholding rates for supplemental payments for New York City Residents and City of Yonkers Residents have also been reduced.

These changes are effective with the Institution checks dated February 25, 1999 and the Administration checks dated March 3, 1999.

The revised NYS Tax Booklet (NYS-50) can be obtained from the Department of Taxation and Finance by calling 1-800-462-8100.

Questions concerning this Bulletin should be directed to Gale Samuel at (518) 473-4285.