Components of City of New York Personal Income Tax Collections


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Table 4.II.C
Components of City of New York Personal Income Tax Collections
Net Collections¹ (in $ thousands)
Categories of Tax Collections	1980	1990	2000	2001	2002	2003	2004	2005	2006	2007
Withholding	743,332	1,972,276	4,011,390	4,217,049	3,811,638	3,866,994	4,430,513	4,806,826	5,066,079	5,461,756
Estimated Tax Payments	117,498	522,093	1,272,821	1,355,212	1,199,311	782,138	853,130	1,316,609	1,736,618	2,081,564
Final Payments	55,215	218,360	424,619	462,026	449,832	222,885	203,332	340,806	512,423	581,792
Delinquincy Collections	15,254	82,520	166,209	174,388	174,076	208,616	184,986	218,875	214,463	235,134
Refunds and Minor Offsets	107,100	258,628	558,901	809,368	747,303	839,085	769,359	840,933	1,048,680	971,460
State to City Offsets	8,199	50,035	322,746	168,652	226,676	287,602	260,959	357,080	464,334	516,781
Net Collections	832,399	2,586,655	5,638,883	5,567,959	5,114,230	4,529,149	5,163,560	6,199,262	6,945,237	7,905,566
¹ Net Collections equals total gross collections plus state to city offsets minus refunds and minor offsets.


Net Collections (Percentage Change)
Categories of Tax Collections		2000-01	2001-02	2002-03	2003-04	2004-05	2005-06	2006-07
Withholding		5.1	-9.6	1.5	14.6	8.49	5.4	7.8
Estimated Tax Payments		6.5	-11.5	-34.8	9.1	54.33	31.9	19.9
Final Payments		8.8	-2.6	-50.5	-8.8	67.61	50.4	13.5
Delinquincy Collections		4.9	-0.2	19.8	-11.3	18.32	-2.0	9.6
State to City Offsets		-47.7	34.4	26.9	-9.3	222.27	24.7	-7.4
Less: Refunds		44.8	-7.7	12.3	-8.3	(53.59)	30.0	11.3
Net Collections		-1.3	-8.1	-11.4	14.0	20.06	12.0	13.8

Source:
NY State Dept. of Taxation and Finance - Annual Statistical Report of New York State Tax Collections (Table 28 - Components of City of New York Personal Income Tax Collections).

Table 4.II.C

Components of City of New York Personal Income Tax Collections

Net Collections¹ (in $ thousands)

Net Collections (Percentage Change)