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NY A09180
Bill
Status
Introduced
10/13/2009
Primary Sponsor
Greg Ball
Click for details
AI Summary
- Repeals the self-employment income component of the MTA payroll tax, eliminating the requirement for individuals with net earnings from self-employment exceeding $10,000 annually to pay the tax
- Retains the 0.34 percent payroll tax on employers engaging in business within the metropolitan commuter transportation district (MCTD)
- Removes provisions that required self-employed individuals to allocate and apportion earnings to the MCTD and compute the earnings threshold on an individual basis
- Maintains employer payroll tax as the dedicated funding source for the Metropolitan Transportation Authority and its subsidiaries
- Takes effect immediately upon enactment
Legislative Description
Exempts self-employed persons from the MTA payroll tax.
Last Action
held for consideration in ways and means
7/1/2010
Committee Referrals
Ways and Means10/13/2009
Full Bill Text
No bill text available