This report is divided into seven sections containing 26 statistical tables. Section I presents State taxes and fees by major tax group. Sections II through VI contain detailed historical revenue information for the major categories presented in Section I. Where available, additional tax base information is presented. For example, Table 9 in Section III displays the amount of taxable gallons by product type for SFY 2015-2016 on which the petroleum business tax was imposed. Section VII contains local taxes collected by the Department. It also shows additional detailed information on local sales tax receipts, the city of New York and city of Yonkers personal income taxes and the regional Metropolitan Transportation Authority tax surcharge.
The Appendix summarizes the effective dates for New York’s major taxes. For a summary of New York State and Local General Sales and Compensating Use Tax Rates, please visit the Department's website at www.tax.ny.gov (Pub 718-A). Finally, the Description of Tax page provides a description for some of New York State’s major taxes.
For information useful in understanding and interpreting the data presented in this report, see the descriptive summaries of the taxes and discussion of recent tax legislation presented in the Tax Expenditure Report, which is prepared by the Office of Tax Policy Analysis (OTPA) in conjunction with the Division of the Budget, and OTPA's annual Summary of Tax Provisions, both of which are available at www.tax.ny.gov. Also, the Department's website provides descriptions of each tax. Finally, see the Governor's Executive Budget, specifically, the Economic and Revenue Overview, which is prepared by the Division of the Budget.
Note: This year's report is the first year that reflects the 2014 corporate tax reform legislation. First effective in the 2015 tax year, the impact of one of the key provisions - merging the bank and general corporate franchise taxes can be seen in the negative value for bank tax. Former bank tax taxpayers now pay under the general corporate franchise tax. The negative value in the bank tax is the result of settlement of prior period refund claims and the movement of unrequested overpayments from bank tax to the corporate franchise tax.
You can obtain statistics relating to Off-Track Betting Revenues by Regional Corporation and Pari-Mutuel and Racing Tax Collections in the New York State Gaming Associations annual report at www.gaming.ny.gov.
Tabular data presented in the publication may be obtained from the Department’s web site at www.tax.ny.gov. Questions, other inquiries and individual data table requests may be directed by electronic mail to: Policy-Statistical-Reports@tax.ny.gov.
