The existing one is set by the state, but I’m not aware of anything precluding the city for introducing its own. They wouldn’t be set by the mayor’s office as mayors don’t actually make laws, but I don’t see how this is a state matter. Certainly none of the coverage about it has said it’s ultimately up to Hochul.
Yes, but you’re talking about the current taxes. Is there a law saying they can’t institute additional taxes themselves? Because the proposed tax is an entirely separate thing and unless that’s precluded by law the existing tax doesn’t really matter. Adams had to go through the state because he wanted to reduce the existing tax.
deleted by creator
The existing one is set by the state, but I’m not aware of anything precluding the city for introducing its own. They wouldn’t be set by the mayor’s office as mayors don’t actually make laws, but I don’t see how this is a state matter. Certainly none of the coverage about it has said it’s ultimately up to Hochul.
deleted by creator
Yes, but you’re talking about the current taxes. Is there a law saying they can’t institute additional taxes themselves? Because the proposed tax is an entirely separate thing and unless that’s precluded by law the existing tax doesn’t really matter. Adams had to go through the state because he wanted to reduce the existing tax.
That’s incorrect. The New York City Council sets the NYC property and income tax rates. Taxes are collected by NYS.
https://www.nyc.gov/site/taxcommission/about/about-the-nyc-tax-commission.page
deleted by creator