Increases the exemption of self-employment earnings from the metropolitan commuter transportation mobility tax from $50,000 to $100,000.
STATE OF NEW YORK ________________________________________________________________________ 10008 IN ASSEMBLY 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: Section 1. Subsection (a) of section 801 of the tax law, as amended by section 1 of part N of chapter 59 of the laws of 2012, is amended to read as follows: (a) For the sole purpose of providing an additional stable and reli- able dedicated funding source for the metropolitan transportation authority and its subsidiaries and affiliates to preserve, operate and improve essential transit and transportation services in the metropol- itan commuter transportation district, a tax is hereby imposed on employers and individuals as follows: (1) For employers who engage in business within the MCTD, the tax is imposed at a rate of (A) eleven hundredths (.11) percent of the payroll expense for employers with payroll expense no greater than three hundred seventy-five thousand dollars in any calendar quarter, (B) twenty-three hundredths (.23) percent of the payroll expense for employers with payroll expense great- er than three hundred seventy-five thousand dollars and no greater than four hundred thirty-seven thousand five hundred dollars in any calendar quarter, and (C) thirty-four hundredths (.34) percent of the payroll expense for employers with payroll expense in excess of four hundred thirty-seven thousand five hundred dollars in any calendar quarter. If the employer is a professional employer organization, as defined in section nine hundred sixteen of the labor law, the employer's tax shall be calculated by determining the payroll expense attributable to each client who has entered into a professional employer agreement with such organization and the payroll expense attributable to such organization itself, multiplying each of those payroll expense amounts by the appli- cable rate set forth in this paragraph and adding those products togeth- er. (2) For individuals, the tax is imposed at a rate of thirty-fourEXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15434-01-2 A. 10008 2
hundredths (.34) percent of the net earnings from self-employment of individuals that are attributable to the MCTD if such earnings attribut- able to the MCTD exceed
[fifty]ONE HUNDRED thousand dollars for the tax year. S 2. This act shall take effect April 1, 2013.