New personal income tax rates in New York State began January 1, 2012

In December, Governor Andrew M. Cuomo signed into law new lower personal income tax rates for New York State.

The legislation:

  • created the lowest tax rates for middle-class New Yorkers in 58 years
  • reduced the tax rate for at least 4.4 million middle-class taxpayers, resulting in an income tax reduction of $690 million
Income Level *Previous Tax RateNew Tax Rate
$40,001 to $150,000 6.85% 6.45%
$150,001 to $300,000 6.85% 6.65%
$300,001 to $2 million 7.85% - 8.97% 6.85%
Over $2 million 8.97% 8.82%

* Married filing jointly

Last Modified: January 25, 2012