State Budget Affects NYC Tax
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New York City taxpayersPIX11
•Business
Business & Economics
Mayor Adams makes last-minute push for NYC tax relief amid budget negotiations
79% Informative
Mayor Eric Adams made a last-minute push for his “ Axe the Tax ” proposal on Monday .
The proposal would wipe New York City’s personal income tax for people with at least one dependent making below 150% of the federal poverty line.
It was proposed as part of the 2026 state budget, which is due on Tuesday, April 1 .
If passed, taxpayers could see the change in taxes as early as 2025 .
VR Score
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