Local Taxes & Fees in New York, NY (2026)
2 verified local taxes & fees rules for New York, New York, sourced directly from the municipal code and official government pages.
Verified from official government sources
Business Tax Classification
New York City taxes S-corporations and their qualified subsidiaries under the General Corporation Tax, while every other corporation pays the Corporate Tax of 2015 instead, per Administrative Code § 11-602.1.
NYC Splits Corporations Between Two Business Taxes
Some RestrictionsNew York City Administrative Code § 11-602.1
For taxable years beginning on or after January first, two thousand fifteen, the tax imposed under this subchapter shall only apply to a corporation that (a) has an election in effect under subsection (a) of section thirteen hundred sixty-two of the internal revenue code of 1986, as amended, or (b) is a qualified subchapter S subsidiary within the meaning of paragraph three of subsection (b) of...
Parking Tax
New York City adds an 8% tax on top of standard sales tax for parking, garaging, or storing a motor vehicle at a commercial garage or lot in Manhattan.
NYC 8% Additional Parking Tax
Some RestrictionsNew York City Administrative Code § 11-2049
there is hereby imposed within the city of New York...a tax at the rate of eight percent on receipts from every sale of the service of providing parking, garaging or storing for motor vehicles by persons operating a garage (other than a garage which is part of premises occupied solely as a private one or two family dwelling), parking lot or other place of business engaged in providing parking.....