Section 1127

Determining benchmark compensation amount.

Section 1127. Under section 1127 of the city charter if you are a city employee who lives outside the city and you were hired after january 4 1973 as a condition of employment you agreed to pay to the city an amount equal to a city personal income tax on residents computed and determined as if you were a resident of the city. 1189 repealed this section applicable only with respect to costs of compensation incurred under contracts entered into on or after the date that is 180 days after dec. 1320a 6 notwithstanding any other provision of this act in any case where an individual is entitled to benefits under title ii that were not paid in the months in which they were regularly due.

Nyc department of finance section 1127 p o. Section 1127 a of the house amendment adopts a provision contained in the house bill permitting only the proponent of a plan to modify the plan and rejecting the alternative of open modification contained in the senate amendment. Payment under nyc form 1127 is not a payment of any city tax but is a payment made to the city as a condition of employment see the general information section on the 1127 instructions.

Charged at a flat rate by a locality for the privilege of working or conducting business in the locality still if the section 1127 payment is not an occupational tax then it most certainly fits the definition of a fee. Under section 1127 of the city charter if you are a city employee who lives outside the city and you were hired after january 4 1973 as a condition of employment you agreed to pay to the city an amount equal to a city personal income tax on residents computed and determined as if you were a resident of the city. Determining benchmark compensation amount.

If you work for the city of new york but live outside new york city and were hired on or after january 4 1973 you must file form nyc 1127 and pay the city an amount equal to the personal income tax you would owe if you lived in new york city. The 1127 refund is issued the same method by which your payroll is received. If you receive a paper check you would receive a check in the mail.

Direct quote from the nyc section 1127 form is remarkably similar to the irs definition of the occupational tax. Starting in drake18 due to changes to schedule a per the tax cuts and jobs act the payment defaults to form it 196 line 24. If you receive direct deposit for your payroll the refund would be deposited into the same account where your payroll is deposited.