Section 2. Persons subject to tax

(a) Imposition of tax.--A tax determined
  in accordance with the rates set forth  in  this  local  law  is  hereby
  imposed  for  each taxable year, ending on or after July first, nineteen
  hundred sixty-six, but  commencing  prior  to  January  first,  nineteen
  hundred  seventy-six,  on  the  city  taxable  income  of every resident
  individual, resident estate and trust.
    (b) Partners and partnerships.-- A partnership as such  shall  not  be
  subject  to  tax  under  this local law. Persons carrying on business as
  partners shall be liable for tax under this  local  law  only  in  their
  separate or individual capacities.
    (c)  Associations  taxable as corporations.-- An association, trust or
  other unincorporated organization which is taxable as a corporation  for
  federal income tax purposes shall not be subject to tax under this local
  law.
    (d) Exempt trusts and organizations.-- A trust or other unincorporated
  organization  which  by  reason  of its purposes or activities is exempt
  from federal income tax shall be exempt from tax under  this  local  law
  (regardless  of  whether  subject  to  federal  income  tax on unrelated
  business taxable income).
    (e) Cross references.-- For definitions of city taxable income of:
    (1) Resident individual, see section eleven.
    (2) Resident estate or trust, see section eighteen.