New York LLC State Tax Obligations — Complete Summary
New York imposes multiple state-level taxes and fees on LLCs, making it one of the most expensive states for ongoing LLC maintenance. This page consolidates all state obligations. For details on each, see our NY LLC tax guide.
All NY State Tax Obligations for LLCs
| Obligation | Amount | Due | Filed With |
|---|---|---|---|
| IT-204-LL (LLC filing fee) | $25-$4,500 | March 15 annually | NY Tax Dept |
| IT-204 (partnership return) | Informational | March 15 annually | NY Tax Dept |
| State income tax (member level) | 4%-10.9% | April 15 annually | NY Tax Dept |
| NYC income tax (if applicable) | 3.078%-3.876% | April 15 annually | NY Tax Dept |
| Sales tax (if applicable) | 4%-8.875% | Quarterly | NY Tax Dept |
| MCTMT (if employees in MCTD) | 0.34% of payroll | Quarterly | NY Tax Dept |
| Biennial Statement | $9 | Every 2 years | NY DOS |
| Estimated tax payments | Varies | Quarterly | NY Tax Dept |
| PTET (if elected) | 6.85%-10.9% | March 15 | NY Tax Dept |
Minimum Annual Cost (Even With No Revenue)
If your NY LLC has $0 revenue:
- IT-204-LL filing fee: $25 (minimum)
- Biennial Statement: $4.50/year (amortized from $9 every 2 years)
- Minimum annual: ~$29.50
Compare to California ($800 flat franchise tax) or Texas ($0).
Key Differences from Other States
Ready to get started?
Get Started- Entity-level fee based on gross income — NY charges a sliding fee based on gross revenue (not profit). High-revenue, low-margin businesses pay disproportionately.
- State income tax on pass-through — Unlike TX/FL/WY (no income tax), NY taxes all NY-source LLC income at up to 10.9%.
- NYC additional tax — NYC members face up to 3.876% additional city income tax.
- PTET option — NY's PTET election is one of the most valuable state-level tax strategies, bypassing the federal SALT cap.
- MCTMT — Unique to the NYC metro area, this 0.34% tax on self-employment earnings is an additional obligation.
FAQ
What is my total tax rate as a NYC LLC owner?
Combined marginal rate for a NYC-resident LLC member earning $200K+: approximately 45-50% (24-32% federal income + 15.3% SE + 6.85% NY state + 3.5% NYC). With S-corp election, reduce to approximately 35-40% by eliminating SE tax on distributions.
Can I reduce my NY taxes by moving my LLC to another state?
Only if you also move your business operations. NY taxes NY-source income regardless of where your LLC is formed. If you move your office, employees, and customers out of NY, you stop generating NY-source income. Simply re-forming in Delaware or Wyoming while continuing to operate in NY changes nothing.