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Companion bill
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Exempts political subdivisions from the imposition of the metropolitan commuter transportation mobility tax
In Assembly Committee · Ways And Means · Sponsor Fred Thiele
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S6206 REVISED 03/06/12
Title of bill
An act to amend the tax law, in relation to the exemption of political subdivisions from the imposition of the metropolitan commuter transportation mobility tax
Purpose
The legislation would exempt local governments outside of New York City located within the metropolitan commuter transportation district from paying the metropolitan commuter transportation mobility tax (MTA payroll tax).
Summary of provisions
Section 1 amends Subsection (b) of section 800 of the tax law, as added by section 1 of part B of Chapter 56 of the Laws of 2011, to exempt all counties, towns, cities, villages and other political subdivisions outside of New York city from paying the metropolitan commuter transportation mobility tax.
Section 2 sets the enacting date.
Justification
The metropolitan commuter transportation mobility tax (MTA payroll tax) enacted in 2009, was subsequently rolled back in 2011 for 78.2% of the entities that were required to pay the tax in the Metropolitan Commuter Transportation District (MCTD), which includes the counties of Dutchess, Nassau, Orange, Putnam, Rockland, Suffolk and Westchester. Taxing existing jobs has proven to have had a crippling effect on the economy and new job creation within the MCTD. This tax is having a severe negative impact on economic recovery, and is discouraging growth of new business and job creation at a time when the government should be promoting these objectives.
To address the negative effect of this tax on jobs and economic growth as well as the effect on property taxes, the tax should be repealed for local government entities in the MCTD, and take the burden of this onerous tax off of the property taxpayers.
Legislative history
This is a new bill.
Fiscal implications
Approximately $19.8 million to the State.
Effective date
This act shall take effect on the same date and in the same manner as section 1 of part B of chapter 56 of the laws of 2011 takes effect.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.