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Date: March 21, 2006 Bulletin Number: 632
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Subject

2006 Changes to the City of Yonkers Withholding Tax

Purpose

To advise agencies of the updates to the City of Yonkers resident withholding tax.

Affected Employees

Employees with a Locality of 84000 and the "Resident" box checked on the Local Tax Data page.

Effective Date

Paychecks dated March 22, 2006.

Background

The withholding tax for the City of Yonkers, which was previously assessed at 5 percent of the tax calculated for New York State income tax, was changed to 10 percent in January 2006. The tax tables have now been updated and the new 10 percent rate will be effective for the paychecks dated March 22, 2006.

OSC Actions

OSC will provide additional information in a future bulletin regarding the tax adjustments required.

Questions

Questions regarding this bulletin may be directed to the Payroll Deductions mailbox.