Bill Text: NY A10008 | 2011-2012 | General Assembly | Introduced
Bill Title: Increases the exemption of self-employment earnings from the metropolitan commuter transportation mobility tax from $50,000 to $100,000.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2012-05-01 - referred to ways and means [A10008 Detail]
Download: New_York-2011-A10008-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
10008
I N A S S E M B L Y
May 1, 2012
___________
Introduced by M. of A. GLICK -- read once and referred to the Committee
on Ways and Means
AN ACT to amend the tax law, in relation to exempting self-employment
earnings of one hundred thousand dollars or less from the metropolitan
commuter transportation mobility tax
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. Subsection (a) of section 801 of the tax law, as amended by
2 section 1 of part N of chapter 59 of the laws of 2012, is amended to
3 read as follows:
4 (a) For the sole purpose of providing an additional stable and reli-
5 able dedicated funding source for the metropolitan transportation
6 authority and its subsidiaries and affiliates to preserve, operate and
7 improve essential transit and transportation services in the metropol-
8 itan commuter transportation district, a tax is hereby imposed on
9 employers and individuals as follows: (1) For employers who engage in
10 business within the MCTD, the tax is imposed at a rate of (A) eleven
11 hundredths (.11) percent of the payroll expense for employers with
12 payroll expense no greater than three hundred seventy-five thousand
13 dollars in any calendar quarter, (B) twenty-three hundredths (.23)
14 percent of the payroll expense for employers with payroll expense great-
15 er than three hundred seventy-five thousand dollars and no greater than
16 four hundred thirty-seven thousand five hundred dollars in any calendar
17 quarter, and (C) thirty-four hundredths (.34) percent of the payroll
18 expense for employers with payroll expense in excess of four hundred
19 thirty-seven thousand five hundred dollars in any calendar quarter. If
20 the employer is a professional employer organization, as defined in
21 section nine hundred sixteen of the labor law, the employer's tax shall
22 be calculated by determining the payroll expense attributable to each
23 client who has entered into a professional employer agreement with such
24 organization and the payroll expense attributable to such organization
25 itself, multiplying each of those payroll expense amounts by the appli-
26 cable rate set forth in this paragraph and adding those products togeth-
27 er. (2) For individuals, the tax is imposed at a rate of thirty-four
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD15434-01-2
A. 10008 2
1 hundredths (.34) percent of the net earnings from self-employment of
2 individuals that are attributable to the MCTD if such earnings attribut-
3 able to the MCTD exceed [fifty] ONE HUNDRED thousand dollars for the tax
4 year.
5 S 2. This act shall take effect April 1, 2013.
