Personal income tax on residents.

State Legislation Resolution requesting the New York State Legislature to pass bills introduced by Senator Padavan, S.6247, and Assembly Member Farrell, A.8264-A, “AN ACT to amend the tax law and the administrative code of the city of New York, in relation to authorizing a credit against the city personal income tax on residents for such residents’ share of city general corporation tax and banking corporation tax paid by subchapter S corporations in which such residents are shareholders for taxable years beginning on or after January 1, 2007”.