Purpose

To inform agencies of the change in the New York City withholding tax rates.

Affected Employees

Employees who are residents of the City of New York

Background

Recent legislation on New York City personal income taxes requires changes to New York City withholding taxes for employees with taxable income of $500,000 or less per year.

Effective July 1, 2017, the New York City Annual Tax Rate Table will incorporate a revised tax rate for taxpayers earning $500,000 or less.

Effective Date(s)

Institution paychecks dated July 6, 2017
Administration paychecks dated July 12, 2017

Agency Actions

Notify affected employees.

OSC Actions

OSC will update the New York City withholding tax table with the rates prescribed in publication NYS-50-T-NYC (New York City Withholding Tax Tables and Methods) found on the NYS Department of Taxation and Finance website.

Questions

Questions regarding this bulletin may be emailed to the Tax and Compliance mailbox.