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History
- Referred to investigations and government operations
- Referred to rules
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Exempts self-employed persons from the MTA payroll tax; repealer
In Assembly Committee · Ways And Means · Sponsor Nancy Calhoun
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the tax law, in relation to the MTA payroll tax and net earnings from self-employment; and to repeal certain provisions of such law relating thereto
Purpose
This legislation is intended to exempt those who are self-employed from the imposition of the MTA payroll tax enacted in May 2009.
Summary of provisions
Section 1 - repeals subdivision (e) of Section 800 of the Tax Law defining net earnings from self employment.
Section 2 - amends section 801 of the Tax Law to delete any references to earnings from self-employment.
Section 3 - repeals subdivision (b) of section 804 of the Tax Law pertaining to estimated tax payments by individuals with earnings from self-employment.
Section 4 - provides for an immediate effective date.
Justification
Chapter 25 of the Laws of 2009 imposed within the Metropolitan Commuter Transportation District a tax of 34 cents per every $100 of payroll on nearly every employer and on the net earnings of the self-employed that exceeds $10,000 annually.
Small business is the backbone of the New York State economy and the self-employed are a significant component of this vital economic engine. The self-employed can be a plumber, electrician, a day care provider, small farmer, fisherman, or the local handyman. They work long hours to make a living for themselves and their family. They are usually trusted mainstays in their community and relied on by their neighbors to provide vital services at an affordable cost. These people epitomize the entrepreneurial spirit and it is unfair to burden these lone individuals in the same fashion as larger business enterprises.
Legislative history
2009 - New Bill.
Fiscal implications
Undetermined.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.