Wednesday, July 28, 2010

NYS-Salaries Paid to officers and employees of the state and its subdivisions and agencies shall be subject to taxation!

The New York State Constitution provides that “all salaries, wages and other compensation except pensions, paid to officers and employees of the state and its subdivisions and agencies shall be subject to taxation.”

Pensions paid to officers and employees of this state, its subdivisions and agencies, to the extent includible in gross income for federal income tax purposes, are exempt from personal income tax.

To Read More: NYS-Salaries Paid to officers and employees of the state and its subdivisions and agencies shall be subject to taxation!

Source: Business Document Filing in All 50 States.

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