S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________

                                        9314--A

                                 I N  A S S E M B L Y

                                   February 16, 2012
                                      ___________

       Introduced by M. of A. CUSICK, KAVANAGH -- read once and referred to the
         Committee  on  Ways  and  Means -- committee discharged, bill amended,
         ordered reprinted as amended and recommitted to said committee

       AN ACT to amend the tax law, in relation  to  exempting  self-employment
         earnings of three hundred twelve thousand five hundred dollars or less
         in  any calendar quarter 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  2  of  part  B of chapter 56 of the laws of 2011, 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  who  engage  in business within the MCTD (1) at a rate of (A)
   10  eleven hundredths (.11) percent for employers with  payroll  expense  no
   11  greater than three hundred seventy-five thousand dollars in any calendar
   12  quarter,  (B)  twenty-three  hundredths (.23) percent for employers with
   13  payroll expense greater than three hundred seventy-five thousand dollars
   14  and no greater than four  hundred  thirty-seven  thousand  five  hundred
   15  dollars  in  any  calendar quarter, and (C) thirty-four hundredths (.34)
   16  percent for employers with payroll expense in  excess  of  four  hundred
   17  thirty-seven  thousand five hundred dollars in any calendar quarter, and
   18  (2) at a rate of thirty-four hundredths (.34) percent of the  net  earn-
   19  ings  from  self-employment  of individuals that are attributable to the
   20  MCTD if such earnings attributable to  the  MCTD  exceed  [fifty]  THREE
   21  HUNDRED  TWELVE  thousand FIVE HUNDRED dollars [for the tax year] IN ANY
   22  CALENDAR QUARTER.
   23    S 2. This act shall take effect April 1, 2012.

        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD14142-03-2