Bill S2648-2013

Limits imposition of metropolitan commuter transportation tax on self-employment earnings to annual earnings over $250,000

Limits imposition of the metropolitan commuter transportation tax on self-employment earnings to annual earnings over $250,000, and establishes tax rates for the taxation of such earnings.

Details

Actions

  • Jan 8, 2014: REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • Jan 8, 2014: returned to senate
  • Jan 8, 2014: died in assembly
  • Jun 17, 2013: referred to ways and means
  • Jun 17, 2013: DELIVERED TO ASSEMBLY
  • Jun 17, 2013: PASSED SENATE
  • Jun 17, 2013: ORDERED TO THIRD READING CAL.1378
  • Jun 17, 2013: COMMITTEE DISCHARGED AND COMMITTED TO RULES
  • May 7, 2013: REPORTED AND COMMITTED TO FINANCE
  • Jan 23, 2013: REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

Votes

VOTE: COMMITTEE VOTE: - Investigations and Government Operations - May 7, 2013
Ayes (9): Marcellino, Carlucci, Golden, Nozzolio, O'Mara, Zeldin, Hoylman, Diaz, Squadron
VOTE: COMMITTEE VOTE: - Rules - Jun 17, 2013
Ayes (18): Skelos, Libous, Bonacic, Carlucci, Farley, Flanagan, Fuschillo, Hannon, Larkin, LaValle, Marcellino, Maziarz, Nozzolio, Seward, Valesky, Stewart-Cousins, Hassell-Thompson, Montgomery
Ayes W/R (2): Breslin, Krueger
Nays (4): Dilan, Perkins, Espaillat, Gianaris
Excused (1): Parker

Text

STATE OF NEW YORK ________________________________________________________________________ 2648 2013-2014 Regular Sessions IN SENATE January 23, 2013 ___________
Introduced by Sen. BALL -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to the metropolitan commuter transportation mobility tax rates on earnings from self-employment THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 2 of 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: (2) For individuals[, the tax is imposed at a rate of thirty-four hundredths (.34) percent of the] WITH net earnings THAT ARE ATTRIBUTABLE TO THE MCTD from self-employment of individuals [that are attributable to the MCTD] if such earnings attributable to the MCTD exceed TWO HUNDRED fifty thousand dollars for the tax year, THE TAX IS IMPOSED AT A RATE OF (A) ELEVEN HUNDREDTHS (.11) PERCENT OF THE NET EARNINGS FROM SELF-EMPLOYMENT IF SUCH EARNINGS ATTRIBUTABLE TO THE MCTD ARE GREATER THAN TWO HUNDRED FIFTY THOUSAND DOLLARS BUT DO NOT EXCEED THREE HUNDRED THOUSAND DOLLARS IN ANY TAX YEAR, (B) TWENTY-THREE HUNDREDTHS (.23) PERCENT OF THE NET EARNINGS FROM SELF-EMPLOYMENT IF SUCH EARNINGS ATTRIBUTABLE TO THE MCTD ARE GREATER THAN THREE HUNDRED THOUSAND DOLLARS BUT DO NOT EXCEED THREE HUNDRED FIFTY THOUSAND DOLLARS IN ANY TAX YEAR, AND (C) THIRTY-FOUR HUNDREDTHS (.34) PERCENT OF THE NET EARNINGS FROM SELF-EMPLOYMENT IF SUCH EARNINGS ATTRIBUTABLE TO THE MCTD ARE GREATER THAN THREE HUNDRED FIFTY THOUSAND DOLLARS IN ANY TAX YEAR. S 2. This act shall take effect on the first of July next succeeding the date on which it shall have become a law.

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